The Home Refinance Plan Banks Don't Want You Knowing
When homeowners visit
The Easy Loan Site™ official website,
they may be surprised at the shockingly low interest rates still available today
and to learn of the home refinance plan banks don't want you to know.
Despite being available since 2009, one of the least well known and simplest
strategies behind reducing your mortgage payment is this government program
called the Home Affordable Refinance Plan (HARP). Millions of homeowners today
could qualify and stand to benefit tremendously before this once in a lifetime program expires.
Savvy homeowners who have already taken advantage of this program could have easily reduced their payments
by as much as $4,264 each year.
With close to a year only remaining, there isn't much time left for
homeowners to benefit from the program while it's available. The
good news though is that once you’re in, you’re in. If lowering your payments,
paying off your mortgage faster, and even taking some cash out would help you,
it's vital that you act now.
Close to a million homeowners could still benefit today, but sadly, many perceive HARP to be too good to be true. Remember, HARP is a free government program and there’s absolutely NO COST to see if you qualify.
See if you qualify >>
A true stimulus package for the middle-class
Did you know that the
Home Affordable Refinance Program is designed to help middle-class Americans?
If your mortgage is less than $625,000, your chances of qualifying could be high.
The Government wants banks to cut your rates, which puts more money in your pocket, ultimately boosting the economy.
But the banks are not happy about this. Here’s why:
You have the option to shop lenders other than your current mortgage holder
Your home’s Loan-to-value (LTV) may be 80% to 125%
Banks will make more money if they keep middle-class Americans at the
higher mortgage rate that they negotiated years ago, so they are
putting pressure on the Government to reverse this program.
"People can really take advantage of this," Obama recently said in Washington, DC,
urging homeowners to refinance sooner rather than later.1
How much could you be saving?
Here's an example of how much you could be saving by reducing your rate to 3.25% from 6.25%
(based on the rate that many homeowners received from lenders years ago)
What a 3% difference really means
200k loan @ 6.25%
200k loan @ 3.25%
$1231 per month
$870 per month
$443,316 total cost
$313,348 total cost
How do I get these low rates?
With hundreds of mortgage lenders and brokers available,
it can take consumers hours to simply contact each one separately
and request a quote. The good news is that there are services
that could help you save time and money by comparing multiple lenders at once.
Services such as The Easy Loan Site
has one of the biggest lender network in the nation and what’s better
is that they work with HARP lenders to provide consumers with a
comprehensive set of mortgage options.
There’s no obligation to homeowners, and
The Easy Loan Site offers easy and fast comparisons. It takes about five minutes, and the service is 100% free.
You have nothing to lose, except for your money problems!