The Home Refinancing Plan Banks Don't Want You Knowing
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Mortgage Lenders are constantly changing their policies in your state to meet demand and manage risk. Affiliated comparison sites can give you access to today’s most competitive rates in your state. Example savings illustrated above is for demonstration purposes only and results will vary based on your individual qualifications which may be associated with your home's loan-to-value, home type, city and state where the home is located as well as other factors including but not limited to credit scores, employment history, residency type and other factors.
In President Obama's State of the Union address, he urged homeowners that if they refinanced at today's historically low rates, they could save up to $3,000. This statement can be found in the State of the Union transcript.
Must-See For All Homeowners
Still unknown to many is a brilliant Government Program called the Home Affordable Refinance Plan (HARP) that could benefit so many American homeowners and reduce their payments by as much as $3,000 per year! 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.
New Mortgage Plan
So while the banks happily wait for this program to end, the Government is making a final push and urging homeowners to take advantage. This program is set to expire in 2017, but the good news 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 and see if you could qualify for HARP or a better rate in today's marketplace.
Step 1: Click your state on the map to instantly check your eligibility for free.
Step 2: Check your new lower rate and save money! Click here to check your new lower rate.
How Do I Qualify?
Select Your State: