HARP Refinance - Colorado

By
Mortgage and Lending with Fairway Independent Mortgage Corporation NMLS #395819

HARP Refinance - Colorado

Are you wondering if you qualify for the HARP Refinance program?  Wondering what a HARP Refinance even is?

HARP RefinanceThe HARP Refinance program is a mortgage program that is designed to help people who have Fannie Mae or Freddie Mac mortgages from May, 2009 or earlier, refinance into a lower rate and payment.

New HARP Refinance enhancements that are set to be released starting in December that will open up the program to many more people. 

The HARP Refinance program used to limit financing to 125% of the appraised value of the home (you could be 25% under water), but the new enhancements will waive the requirement for an appraisal as long as a reliable AVM (Automated Valuation Method) appraisal is available for the property.  There will no longer be a limit to the loan to value ratio.

The requirement will likely still be in place that if you currently have mortgage insurance, you will have to work with your current lender.  However, if you don't have mortgage insurance, you will be free to work with any Mortgage Company that has access to these programs.  We are specialists in the HARP Refinance program and have helped many people take advantage of low mortgage rates through a HARP Refinance since the program was released.

There is even talk of reduced documentation requirements, making the HARP Refinance a true streamline process that can be closed in a short time period.  Income and asset documentation may not be required, although specifics have not yet been released by lenders on this.

In addition, the new HARP Refinance guidelines will likely include a provision that anyone can get the lowest possible rate if they shorten the term on their loan, from a 30 year fixed to 20 year fixed, for example.  This wasn't always the case with the previous guidelines, as someone with a lower credit score or higher loan-to-value ratio could not get the best rate.

Now is the time to take advantage of the HARP Refinance program.  With rates at historic lows, and guidelines getting less restrictive, don't miss out on this opportunity.  Call us today to see if you qualify for the HARP Refinance program!

Posted by

Team Baxter First Cal MortgageFind us on Facebook!

RJ Baxter, Colorado Mortgage Banker

303-670-0137 (direct)

Email Me    Google+

12211 West Alameda Parkway Suite 210

Lakewood, CO 80228

NMLS #395819

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Location:
Colorado Denver County Denver
Groups:
Colorado Realty Bloggers
Colorado Real Estate
Realtors Needing the services of the Lending Powers
Mortgages
Addicted to Active Rain
Tags:
harp refinance program
colorado mortgage company
home affordable refinance program

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the truck to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
259,998

RJ Baxter

303-670-0137
Ask me a question!
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information