Port Saint Lucie HARP Refinance


So you have always been great with your mortgage installments but for some reason nobody is interested to refinance your home because of its depletion of value? Well, there is a way to refinance mortgage your residence easier and more effective than ever before. Meet HARP, aka the Home Affordable Refinance Program. So now you ask what exactly is a Port Saint Lucie HARP refinance mortgage?

Its Purpose

Created in March 2009, Port Saint Lucie HARP refinance aims to provide refinancing to homeowners whose home decrease in value. This was primarily created to counter the U.S. housing burst bubble of 2006. However this program was created solely for homeowners who are current on their mortgage installments, but rather have been making timely payments towards paying their mortgage loan down.


Same as other government program, Port Saint Lucie HARP refinance loans has many requirements. Take a look at some:

Only mortgages backed by either FNMA or Freddie Mac are covered by HARP.
Mortgage Loans must have been closed and funded before May 31, 2009.
Homeowners can not have defaulted on any home loan payments, for the 6 months prior to requesting a Port Saint Lucie HARP refinance mortgage.
The loan-to-value ratio must exceed 80%

There must be some sort benefit to the client in regards to their home loan payments or stability in mortgage.

How do homewoners benefit from HARP?

The HARP refinance has multiple benefits. For example, if you still have a $150,000 mortgage balance on a now $120,000 residence, you can have your loan refinanced. As such, you pay down the Port Saint Lucie home loan quicker than before. In addition, the monthly loan payments you apply will likely be smaller than before.

If your place of residence dropped in value and you would like to refinance your mortgage, then Port Saint Lucie HARP refinance is for you. If you are in need of further information, or if you would like to speak to an expert about Port Saint Lucie HARP mortgage loans, feel free to call us on (877) 442-4023 or complete 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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