Brooksville HARP Refinance

apply-now-today So you’ve always been great with your mortgage loan payments but nobody wants to allow your home to be refinanced because of its reduction of value to take out a refinance mortgage on your home easier and more effective than previously available. Meet HARP, also known as the Home Affordable Refinance Program. So what precisely is a Brooksville HARP refinance loan?

Its Purpose

Launched in March of 2009, Brooksville HARP refinance hopes to be able to provide refinancing to home owners which owned homes that decrease in value. The purpose of this was to counter the United States of America’s housing bubble of 2006. However this program was created solely for home owners who are current on their mortgage loan payments, but rather have been effectively paying their mortgage off.

Who’s Eligible for a Brooksville HARP Refinance

Similar to other government program, Brooksville HARP refinance has a lot of basic requirements. Take a look at some: Only home loans secured by Fannie Mae or Freddie Mac are covered by HARP. Mortgage Loans must have been closed and funded before May 31, 2009. Home owners can’t have been delinquent on any loan payments, 6 months prior applying for Brooksville HARP refinance. The loan-to-value ratio must exceed 80% In order to qualify there needs to be some sort benefit to the property owner regarding home loan payments or stability in mortgage.

Who benefits from HARP?

The HARP refinance mortgage has many measurable benefits. For example, if you still have a $150,000 mortgage on a now $120,000 home, you can have your mortgage refinanced. As such, you pay off the Brooksville home loan quicker than before. In addition, the monthly mortgage payments you make will most likely be smaller than you are currently paying. If your place of residence dropped in property value and you would like to refinance your mortgage, then Brooksville HARP refinance mortgage is for you. If you require further information, or would like to speak to an expert about Brooksville HARP mortgage loans, please call us on (877) 442-4023 or fill out our rate quote form.


 

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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