I received a lot of letters to refinance my house through HARP. Are these banks safe? ?

Posted on Oct 11, 2012 in HARP Refinance

Question by Anabela: I received a lot of letters to refinance my house through HARP. Are these banks safe? ?
They offer 3.625% with 3.844%APR. I’m single mother and the price of my house went down 100, price hospital 000.00. Appraisal 250.00. I own to one of Boston banks $ 255, visit web 022.81. I have to refinance until next year. Fixed until March 2013 with 5.625% interest rate. HARP is a safe refinance?

Best answer:

Answer by Go with the flow
Don’t deal with anyone that contacts you first.
If you want a good bank, you research it yourself and pick the best.
Often the people that call, send junk emails, or mail you stuff are the worst companies.
Get smart, and start doing some homework.
Go to bankrate.com and click on mortgages – for a good start.

Add your own answer in the comments!

4avg.rating 12 votes.

2 Comments

  1. make sur they are legal in all the states and make sure you use a buyers system in the long run they are looking out for you . make sure they arent contact you and could be a slam

  2. I agree with the above poster – never deal with companies that are sending you requests, aka – begging for business.
    Rule of thumb for me, if I didn’t contact you, I probably don’t need your services and won’t likely be doing business with you, be it phone calls or junk mail.

    By the way, yes HARP is safe, but their automated mail offers are not accurate as far as what you would actually qualify for, you probably have a dozen neighbors that received the same letters/fliers. In order to give someone an accurate rate quote, they would need your financial information, credit check, banking info etc. They can not give accurate rates without any of that. They mail those things to everyone just to get people’s attention, clearly it worked.

Obama-Fueled Mortgages Boost Profit at US Home Lenders
(JPM), dosage more about the largest U.S. home lenders, pharm will post third-quarter profit buoyed by government policies intended to help borrowers. Those firms, shop along with No. 3 U.S. Bancorp and fourth- ranked Bank of America Corp. … Obama has pushed for more refinancing …
For more informaiton please visit here…
Question by renan h: can i get a home loan with 10 to 20% down .good credit .no income verification.150, cure 000 mortgage loan.?
answer from someone experienced.knowledgeable.thanks

Best answer:

Answer by tommy r
depends on the value of the property and the lender involved
as far as no income verification, the rate may be a little higher check the banks where you do business first for a dry run on the rates good luck

Add your own answer in the comments!

fha mortgage loans bad credit
by marsmet526

Question by jaimeprater2000: A mortgage loan for bad credit?
My partner and I are first time home buyers, website like this we’re really wanting to purchase a home. Our credit is less then great but we know we can qualify for FHA loans and other grants to help us with a down payment, physician etc…we just need some help.

Best answer:

Answer by David
Your best best is with an FHA as you noted above. The last time I was working with FHA loans the minimum credit score cutoff was 620… it could have been changed recently. The minimum down payment is 3.5%. I would pull a free credit report and work on paying any past due collections, make sure your payments are on time, and lastly ensure your credit cards are not highly utilized

What do you think? Answer below!
Question by Anabela: I received a lot of letters to refinance my house through HARP. Are these banks safe? ?
They offer 3.625% with 3.844%APR. I’m single mother and the price of my house went down 100, ask 000.00. Appraisal 250.00. I own to one of Boston banks $ 255,022.81. I have to refinance until next year. Fixed until March 2013 with 5.625% interest rate. HARP is a safe refinance?

Best answer:

Answer by Go with the flow
Don’t deal with anyone that contacts you first.
If you want a good bank, you research it yourself and pick the best.
Often the people that call, send junk emails, or mail you stuff are the worst companies.
Get smart, and start doing some homework.
Go to bankrate.com and click on mortgages – for a good start.

Add your own answer in the comments!

4avg.rating 19 votes.

2 Comments

  1. make sur they are legal in all the states and make sure you use a buyers system in the long run they are looking out for you . make sure they arent contact you and could be a slam

  2. I agree with the above poster – never deal with companies that are sending you requests, aka – begging for business.
    Rule of thumb for me, if I didn’t contact you, I probably don’t need your services and won’t likely be doing business with you, be it phone calls or junk mail.

    By the way, yes HARP is safe, but their automated mail offers are not accurate as far as what you would actually qualify for, you probably have a dozen neighbors that received the same letters/fliers. In order to give someone an accurate rate quote, they would need your financial information, credit check, banking info etc. They can not give accurate rates without any of that. They mail those things to everyone just to get people’s attention, clearly it worked.