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HARP Mortgage 3.0 for Affordable Refinancing
Find Lower Fixed Rates
The talk of a new version of the Home Affordable Refinance Program is heating up as Fannie Mae and Freddie Mac appear to be finalizing the details of HARP 3.0. Initially the two government sponsored enterprises extended refinancing that allowed 125% loan to values. The first version looked great on paper, but 25% above the property value turned out to not be enough as millions of homeowners were severely underwater. The era for underwater refinancing is here but we suggest moving quickly before the Federal government relief programs like HARP expire.
Government Announces No Loan to Value Requirements on HARP Program
HARP 2.0 has been much more successful in helping borrowers refinance because this time the program eliminated all "loan to value" restrictions, so the pool of eligible borrowers widened significantly. To qualify borrowers must have bought the houses prior to June 1, 2009 and their lien must be owned or backed by either Freddie Mac or Fannie Mae. Don't worry though because our HARP mortgage lenders will help you determine your eligibility.
Are you looking for a refinance solution for negative equity? Since Fannie and Freddie rolled out the Home Affordable Refinance, we have been connecting struggling borrowers with our HARP mortgage lenders that like to approve loans in scenarios that were previously impossible.
Will the HARP 3.0 reach out to more homeowners that previously were unable to qualify? Yes, the "word on the street" is that the third round of refinance relief will target people that have been unable to qualify for the first and second versions of HARP.
BD Nationwide always strives to match borrowers with programs that provide real solutions to the growing needs of distressed homeowners. We look for products that provide opportunities like reduced housing expenses, cash back and flexible terms. Get help now finding companies that deliver great service from knowledgeable loan officers that are here to extend you helpful and insightful advice. You will find lower HARP mortgage rates than other lenders and you will appreciate that we do not increase the lending costs for our higher risk loans, like the HARP 3.0 or the FHA streamline.
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No More Minimum Loan to Value Rules |
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No Additional Mortgage Insurance |
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HARP Mortgage Rates Are Low |
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Obama Administration Offers Incentives to Lenders that Extend HARP Refinancing to Underwater Homeowners |
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No Penalty for Early Pay-off |
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2nd Mortgage Subordination is allowed for qualified borrowers that have two home loans |
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Talk to HARP Mortgage Lenders that want to help you refinance into a loan with better rates and terms.
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BD Nationwide always strives to offer programs that provide solutions to the growing needs of distressed homeowners. We look for products that provide opportunities like reduced housing expenses, cash back and flexible terms. We provide great service with knowledgeable loan officers that are here to extend you helpful and insightful advice. You will find lower HARP mortgage rates than other lenders and you will appreciate that we do not increase the lending costs for our higher risk loans, like the HARP 3.0 or the FHA streamline.
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