Are you an underwater homeowner? If so, you may be interested in the Federal Home Affordable Refinance Program! The government is allowing all underwater homeowners to take advantage of this program until the end of the 2015 year.
The program will help to reduce the amount of money you owe on your mortgage, which will in turn lower your monthly mortgage payments. This will help homeowners prevent foreclosure and avoid having to leave their beloved homes. In order to take advantage of the program, you must have a loan guaranteed by Fannie or Freddie. Your loan had to be purchased by Fannie or Freddie before April 1st of 2009. Additionally, you cannot have already taken advantage of the HARP program, or had any late payments within the last 6 months.
Sometimes the property will be eligible but not come up with that information if the address is not input exactly as it shows on the mortgage statement. For example, Drive instead of Dr. could cause an error and have it report as not owned by Fannie or Freddie. Be sure to try several ways to reflect the address before giving up…
If you meet these requirements, you should contact me right away to discuss your options! Located in the Bay Area of CA, I am prepared to help you through every step of the loan process.
Contact Andraya Coulter today, and let her help you!