Brooksville HARP Refinance

apply-now-today Apparently you’ve always been great with your mortgage loan installments but there isn’t anyone who is interested to allow your home to be refinanced due to its declined value? Well, there is a way to refinance mortgage your property easier and more effective than ever before. Meet HARP, aka the Home Affordable Refinance Program. So what exactly is a Brooksville HARP refinance mortgage?

Its Purpose

Launched in March of 2009, Brooksville HARP refinance hopes to be able to provide refinance mortgage loans to homeowners whose home decreased significantly in value. The purpose of this was to counter the United States housing burst bubble of 2006. This program however was implemented exclusively for homeowners who are not behind their mortgage loan installments, but rather have been making timely payments towards paying their home loan off.

Who’s Eligible for HARP

Similar to any other government program, Brooksville HARP refinance loans has many requirements. Here is a closer look at some: Only home loans secured by Fannie Mae or Freddie Mac are covered by HARP. Home Loans are required to be applied for and acquired before May 31, 2009. Property owners can’t have defaulted on any loan payments, 6 months prior applying for Brooksville HARP refinance loan. The loan-to-value ratio must be at least 80% In order to qualify there has to be some type benefit to the client regarding mortgage payments or stability in mortgage.

How do homewoners benefit from HARP?

The Brooksville HARP refinance has multiple benefits. For example, if you still have a $150,000 mortgage on a now $120,000 property, you could have your loan remortgaged. As such, you pay down the Brooksville mortgage quicker than before. Also, the monthly loan payments you make will likely be much smaller than before. If your home dropped in value and you would like to refinance it, then Brooksville HARP home loans is for you. If you are in need of additional information, or if you would like to contact an expert about Brooksville HARP mortgage loans, please call us on (877) 442-4023 or complete our rate quote form.


 

Contact Us

map

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

Latest News