[F1 News:]Importance of Home Affordable Refinance Program

Posted on Apr 24, 2012 in HARP Refinance

Importance of Home Affordable Refinance Program

Article by Sally Mansell

The home affordable refinance program is gaining more and more popularity. Buying a house with the mortgage plan is very popular for so long. The mortgage was very easy to pay. But now due to inflation the whole world many people are facing problem to continue paying their mortgage at the same rate. For this purpose refinancing their mortgage is the solution to their problem. The refinance is name of the term in which the borrowers choose a new loan plan over the existing loan plan.

There are many reasons behind refinancing, generic the most popular reasons are:

Financial problemHigh inflationUpside down mortgageNegative equityBad credit rating

The home affordable refinance plan is adopted by people when due to any reason they face some financial problem and they are unable to pay their mortgage plan. People do not want to face any bad credit history. So, they find it better to refinance their mortgage plan so that they do not face any problem in paying their mortgage on time.

The home affordable refinance is also very good option for the people who are facing the negative equity. The negative equity means that market value of the house becomes less than the amount of mortgage that you are paying. The negative equity usually takes place when there is high inflation in the country and the prices of the property falls at a very alarming rate. With this refinance program you can bring balance between the worth of the house and the mortgage program.

The home affordable refinance program harp is the best term for the people who are facing bad credit rating. The bad creditors can improve their bad credit score. It is very difficult to pay the mortgage with the bad credit. This is why the bad creditor prefers to refinance their house. The refinancing makes it easy for them to pay the mortgage along with the missing one.

However before you refinance your house you have to spend a very little amount for it. It is a sort of investment that you make. Moreover it is very important that you choose the new loan plan offered from some new company as doing so there are more chances for you to meet the good interest rates. The good interest rates are very important in all type of refinancing. Choosing the loan plan from the same company sometimes turn out to be waste of time only.

About the Author

Sally is a regular writer for online mortgage refinance firm that provides detailed information on home affordable loan modification program, home affordable refinance program and other related issue.

If you would like more informaiton please visit here…

Obama’s Home Affordable Refinance (HARP) program www.rmilending.com has been revamped. Since there are a few changes to the plan, many homeowners now want to know if they qualify to refinance now. Watch this video to have the home affordable refinance program explained in under 2 minutes. The first thing you should be aware of is that Obama’s HARP program is NOT going to help everyone that is upside down or underwater on their mortgage. One of the main qualifications is that your loan must be owned by Fannie Mae or Freddie Mac and you must have received that loan before June 2009. Now, how do you know if Fannie or Freddie owns your loan? Just give me a call or send me an email and I can look that up for you. If it is owned by them, then it doesn’t matter how far upside down on your mortgage you are, because the loan to value cap has been lifted completely. In addition to that, you won’t need to have an appraisal, and loan fees will be reduced or possibly even eliminated if you are refinancing to a shorter term, like going from a 30 year to a 15 year fixed. It’s important that your last 6 payments have been made on time, and you can’t have more than 1 late payment in the last 12 months. More details and rate pricing from the banks will be revealed around November 15th, and the banks that I work with are expected to start taking loan applications for this program around December 1st. Also, the program will be available through the end of 2013, but there’s no guarantee that
Video Rating: 5 / 5

More great real estate info click here…

4avg.rating 26 votes.


  1. Your facts and understanding of the subject show you have a lot of experience.

  2. Thanks for the quality article.

  3. {Category} is an important subject.

  4. A great blog and a great article about .

  5. Thanks for this article. I have a hard time finding good content related to harp refinance.

  6. Thanks for the post about . Excellent work!

  7. I admire the way you explain the topic.

  8. I respect your article on home loans.

  9. Nice work on the post. Great writing about lenders.

  10. Your facts and understanding show you have a lot of experience with .

  11. I'm researching harp refinance.

  12. I really liked the post on .

  13. Nice work on . It was informative and good.

  14. I just sent this article to a bunch of my friends.

  15. Excellent work with the article about home loans.

  16. Definitely worth the read. Great post on lenders.

  17. Very good, well written post on .

  18. Please write similar articles.

  19. Good job with the detailed post on . I really liked it.

  20. Keep on writting because this is the kind of stuff we all need.

  21. You certainly deserve a round of applause for your article and more specifically, your site in general.

  22. That was a good read about .

  23. Great article about . I loved the introduction!

  24. I came here looking for a good article and found exactly what I was looking for! Good post about .

  25. The article on lenders cabouted everything I was looking for. Great work!

  26. Great read on real estate finance. I'm going to email this to my colleagues.

  27. Great article and post about .

  28. Your explanation is the best I have seen so far.

  29. This articles is awesome!

  30. Thanks for saying this for me.

  31. I also run a website that discuses harp refinance that may be of interest that I’d love to share with you.

  32. Please post more harp refinance content.

  33. I'm bookmarking sites that discuss harp refinance.

  34. I appreciate the way you present the article.

  35. I liked the post on lending. It kept me interested!

  36. I wish I had the ability to write as well as you do.

  37. Good blog post on finance. I learned a lot from it.

  38. This is a difficult subject to understand.

  39. Great conclusion on real estate finance. It really brought all the major aspects of the topic together.

  40. Great post about lending. I'll be sure to read more off this blog.