“The HARP mortgage refinance program is fast nearing its end and before it perishes into oblivion in 2016, financially distressed homeowners can still explore chances of getting approved for HARP plans for saving their homes as well as money.” 

The HARP 2.0 refinance program is about to its final stages before it perishes into oblivion at the end of 2016. Hence, for distressed homeowners it could be the last opportunity to save their homes from possible foreclosures. Interest rates offered on HARP home refinancing loans could be as low as 4% and so if you are one of those borrowers, who are still facing financial strain in paying their monthly mortgage installments, you can urgently consult an expert to help you with further course of action. Remember, qualifying for federal housing financial support through the HARP plan is challenging.

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Under HARP mortgage refinance eligibility guidelines, only Fannie Mae and Freddie Mac insured home mortgages which have been approved on or before May 31, 2009 can qualify for refinancing. Besides, probable applicants also need to make sure they are current on their existing mortgage payments for the last 12 months and there must not be a single missed or late payment during the past 6 months. While there are not LTV restrictions in effect now, participating lenders may have DTI requirements which have to be met. Qualified and experienced mortgage experts could be able to tell you more on the subject.     

While there are plenty of other alternatives for underwater refinance without HARP, the federal government’s initiative could be your best bet. This is because qualified borrowers can secure monthly mortgage payments which are within 38% of applicant’s gross monthly income. But to improve chances of getting approved for HARP plans, it could be vital for you to prepare and furnish correct as well as accurate paperwork. The documentation part of HARP refinancing is the hardest task in the entire procedure of obtaining approval. Many applications get denied very year only because of inaccuracies in the paperwork so it’s crucial that you find a competent professional.

Some websites could provide you valuable information on HARP refinance rates today. These online sites can also assist you to learn about HARP 2.0 requirements and processes online through an easy, simple and hassle-free procedure. No fees could be charged for the services that are being provided and the websites also help people to get free consultations from competent mortgage specialists across the nation. To get assisted by a local expert, all you need to do is just fill and submit a quick online application form by entering your state’s zip code.  However, make sure that you are working with a reputed website like MortgageRefinance101.com

“You can get valuable information regarding the best home equity lines of credit and HARP refinance rates by taking advantage of the fast internet processes. All you need to do is just find a reliable and reputable website online.” 

If you are looking to get the best home equity lines of credit then the internet is the right place to begin your search for lenders that offer low interest rate HELOCs. Typically, a home equity line of credit is a type of second mortgage loan that is secured against equity built up in your home. By securing a low rate HELOC, you can consolidate all high interest credit debts and pay them off in one go. Nevertheless, the type of HELOC or 2^nd mortgage interest rate you qualify for could depend on the exact status of your personal credit profile.

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Furthermore, if you compare home equity line of credit rates with a HARP loan rates then there could be a range of difference between the two. HARP interest rates are among the lowest in the entire mortgage industry and it could be possible to qualify for interest rates as low as 2% if you are eligible for the HARP program. But there could be couple of things which you need to consider before you apply for a HELOC. First and foremost, there has to be some amount of equity in your house to obtain HELOC approval. And most of the lenders will run credit checks for assessing risks.   

Besides, unlike HARP mortgage rates today, HELOC interest rates can be adjustable in nature and it could be vital for you to know when exactly they adjust. This will enable you to shift over to a new loan with a lower interest rate and thus, save money. In addition, when considering applying for a HELOC, you must also inquire whether there are any closing fees or loan pre-payment penalties that are applicable. In any case, regardless of whatever option you may choose, for finding the lowest home mortgage or refinance rates, you must take recourse to extensive comparison shopping.

Some online sites provide valuable information relating to HELOC and HARP refinance rates today. To get details of these, you can browse these websites and take advantage of their services for consulting a qualified and experienced mortgage specialist in your local area. Usually, initial consultations are free of cost and no fees are required to be paid for getting advice. To fix up a free appointment with a competent local mortgage expert, all you need to do is just fill and submit a quick online application form. But make sure that you working with a reputed mortgage service.