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Benefits of Home Affordable Refinance Program (HARP)

The HARP loan program was introduced to help the homebuyers who have zero or negative equity in their house. Let's check out what the benefits this loan program has to offer, via this post.

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Benefits of Home Affordable Refinance Program (HARP)

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  1. Drew Mortgage Associates Home Affordable Refinance Program (HARP) Benefits Boston Mortgage Lender Toll Free: 877-949-3739 www.drewmortgage.com

  2. The Home Affordable Refinance Program, also known as HARP, is a federal U.S. program to refinance current mortgages. This home loan program is helpful to borrowers with little to no equity who are looking to refinancing their property. This refinance loan program is only available for buyers who previously had Fannie Mae or Freddie Mac loans. Let’s review top reasons why a HARP loan can be helpful.

  3. BENEFIT - 1 Lower Monthly Payment: HARP loans are based on your current credit score and aim to reduce your estimated monthly installments (EMI). Refinancing this way generally saves money.

  4. BENEFIT - 2 Lower Interest Rate: You have the option of reduced interest rates set by the U.S. Federal Reserve.

  5. BENEFIT - 3 Fixed-Rate Mortgage You can change your loan program from an adjustable-rate to a fixed-rate, which will remain stable regardless of housing market conditions.

  6. BENEFIT - 4 Build Equity Faster You can build the equity in your property at a faster rate and in a shorter period by opting for a short term rate.

  7. If you’re looking for a HARP loan program, Drew Mortgage Associates can help you check your eligibility, apply for the loan by ensuring proper documentation, and follow the approval process. Apply Now

  8. For more information & updates on the HARP loan program and its requirements, you can refer below video:

  9. www.drewmortgage.com

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