Mortgage & Finances
The Government Offers Up To $4,264 per year ($355 per month) Mortgage Reduction. Check In 60 Seconds If You Qualify.
July 31, 2018 by Michael Ball
(Washington, D.C.) - The greatest mortgage reduction program in US History is set to expire in 2018, but the banks have been keeping this a secret!
When homeowners visit the FHA Rate Guide, they may be surprised to find out they qualify for a plan that offers them shockingly low interest rates and reduced mortgage payments.

Still unknown to many, this brilliant government program called the Home Affordable Refinance Plan (HARP) could benefit millions of Americans and reduce their monthly payments by as much as $4,264 each year.

Homeowners have even used HARP to eliminate up to 15 years of mortgage payments! You could bet the banks aren't too thrilled about losing all that profit and might secretly hope homeowners don't find out before time runs out.

So while the banks happily wait for this program to end, the government is doing absolutely nothing to extend the program and cut mortgage payments. The program is set to expire in 2018, but 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 you act now.

How Can You Check Your Monthly Savings?


Step 1: Select your age below and answer a few questions on the next page.

Step 2: After you enter some information about your home, you will find out how much you may save. It's an easy and quick way to put money back into your pocket!

Remember:
You do not need to pay anything to use this program. It's completely free and only takes a few minutes. Any other source that tells you otherwise should be avoided!
Select Your Age To Check If You Qualify:

1Average monthly savings of $355 or $4,264/yr from Fannie Mae.... Click Here to see more

State of the Union transcript - http://www.whitehouse.gov/the-press-office/2012/01/24/remarks-president-state-union-address. Further information for this can be found at http://www.nytimes.com/2011/08/21/realestate/exploring-the-15-year-loan-for-refinancing-mortgages.html

Under provisions of the Making Homes Affordable Act(a.k.a. HARP 2.0), signed into law by President Obama, Fannie Mae has removed certain loan refinance requirements for qualifying loans including the Loan-To-Value (LTV) ceiling for fixed-rate mortgage, property appraisal, minimum credit score & credit check, and eliminated & lowered certain fees for borrowers making it easier to refinance into a lower rate mortgage, effectively reducing the amount of interest paid (and owed) over the life of the loan. More info: http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Fannie-Mae-and-Freddie-Mac-Announce-HARP-Changesto-Reach-More-Borrowers.aspx

A shorter term mortgage enables such borrowers to pay down the amount they owe much faster than a traditional 30-year mortgage. Furthermore, interest rates on shorter term mortgages usually are less than on thirty-year mortgages. More information can be found at http://harpprogram.org/faq.php The Making Home Affordable Program is set to expire September 30, 2017 and is free http://www.makinghomeaffordable.gov/about-mha/Pages/default.aspx but standard refinance fees will still apply. http://www.whitehouse.gov/the-press-office/2012/02/01/fact-sheet-president-obama-s-plan-help-responsible-homeowners-and-heal-h

On a $200,000 loan, a homeowner in a 30 year fixed at 6.25% would end up paying the bank $443,316. That same homeowner, if they switched to a 15 year fixed at todays rate of 3.58% APR would own their home for only $250,779

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