Finance: Real Estate

(San Francisco, CA) -- If you want to take full advantage of today’s amazingly low mortgage rates, well, the secret is out for saving money on your mortgage payment! There is a program called the Home Affordable Refinance Plan (HARP). In fact, HARP can help homeowners easily reduce their annual mortgage payments by as much as $4,264 per year! (1)

Millions of Americans are eligible, but most don't know the brilliant government program called the Home Affordable Refinance Plan (HARP). By refinancing your home at lower interest rates, you could easily thousands per year! And rest assured, the banks are not happy about this!

So while the banks are desperately waiting for this program to end, the government is making a final push and urging homeowners to take advantage. The bad news is this program is set to expire in 2016, so, it is very important to take advantage of this before it’s too late!

The good news is that there are services that could help you save time and money by comparing multiple lenders at once. One such service is {Insert Site Name Here} which has one of the biggest lender networks in the nation and what’s better is that they work with HARP lenders to provide consumers with a comprehensive set of mortgage options.

What is HARP?

HARP is a special government program designed to help middle class homeowners like you take advantage of today’s rock-bottom rates, even if you are underwater on your loan. If your mortgage balance is less than $625,000 and you’ve continued to make your payments on time, you have a good chance of being eligible to reduce your monthly payment.

Here's how it works...

Help for middle class homeowners

When the financial crisis hit, the government set up HARP to reward middle class homeowners who stuck it out and continued to make their monthly mortgage payments. The catch is that this program won’t last long, so if you want to lower your mortgage payments, now is the time to act!

Banks aren’t happy

Think banks like HARP? No chance. Here’s why:

  1. They may lose your business. You’ve been paying your mortgage faithfully for years, even through the worst of times. But, it’s not a requirement to do your HARP loan through your current lender. In fact, you can find big savings by shopping around for the best rate.
  2. The average savings for most eligible households is $4,264 per year. There’s no way banks want to give up that type of money.

How to get started?

The best way to find the lowest rates is through a free website that compares available mortgage rates for consumers, and allows you to choose the best one. Sites such as Harp Refi Quotes offer consumers access to dozens of HARP lenders on its network. And if it turns out that you aren’t matched with a HARP lender, the site can connect you with a mortgage broker, attorney, or other service provider who may be able to assist you with your mortgage situation.