HARP Program Is Heating Up

APPRAISAL RELIEF IS HERE!!!!

The #1 reason consumers have not looked into mortgage refinance options is that darn appraisal. Concerns the home will not appraise at a high enough value to refinance and the possible lost of money spent on the appraisal has just been too risky for most consumers. The good news is that those concerns are now gone – APPRAISALS ARE NOT REQUIRED

Here is the deal: If you have been in your loan prior to 5/31/2009, you MUST look into refinancing your mortgage. The appraisal is now going to be a non-issue and rates are substantially lower.

If your current loan closed after 5/31/2009, you can still look into refinancing, but you’ll have to have equity.

Formal guidelines to the HARP changes will be released on November 15th, 2011. Call us now to get a head start on understanding your options as the floodgates are just about to open up.

Find out more details on Obama’s 2011 HARP Guidelines here.