Friday, May 13, 2011

Home Affordable Refinance Program (HARP)

In the event you are current on your own mortgage and have been unable to obtain a standard refinance because the value of your home has declined, you could be eligible to refinance through HARP. HARP is intended to help you refinance into a new cost-effective, a lot more steady mortgage. The HARP personal loan can be a brand new financial loan and will call for a personal loan app and underwriting procedure. Financial loan refinance service fees will apply.

Contacting a professional at the Law Office of Thomas J. Sherwood can get this process started for you. You may be eligible to apply if you meet all of the following:

•You have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac.
•You do not have an FHA, VA or USDA loan.
•You are current on your mortgage payments and have not been more than 30 days late making a payment over the last year.
•You owe more than the home is worth, but your mortgage does not exceed 125 percent of the current market value of your home.
•The refinance will improve the long-term affordability or stability of your mortgage.
•You have the ability to make the new payments.

Don’t waste any more time worrying about how to pay your mortgage, contact the experts today by phone at 813-612-5697 or 877-246-4486 or by email at Sales@TSherwoodLaw.com.

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