GOVERNMENT PROGRAMS
The Government Offers Up To $4,264 per year ($355 per month) Mortgage Reduction, You Can Check In 60 Seconds If You Qualify

Homeowners born before 1985 may qualify for the greatest mortgage reduction program in history.
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 USA 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. This government program was passed by Obama to help the middle class Americans reduce their monthly payments by as much as $4,264 each year.

If you owe less than $625,000 on your home you may qualify for Home Affordable Refinance Program® (HARP). It's hard to believe this program exists but it has already helped more than 3.3 million U.S. households to refinance. It still could help hundreds of thousands - if only more homeowners would apply.
It's insane this program isn't talked about more often. For whatever reason, a lot of people think this program is "too good to be true". Even worse, some think the program is only for homeowners with bad credit or foreclosures. This couldn't be farther from the truth. HARP was made for the average American. And having good credit helps you qualify for EVEN better rates!

But the government has announced that this program will expire in 2018 and is making a final push urging homeowners to take advantage of this program.

So if lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it is vital you act now.
Many homeowners could still be eligible for a government refinance program that can save them on average $4,264 each year. Sadly, some 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 are eligible. Instantly find out if you are eligible »
Want To See How Much You Can Save? Here's How You Do It:

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 by refinancing. It's so easy and quick to put money back into your pocket!
Select Your Age:
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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