Homeowners Fight Back Against Banks With This $357 A Month Federal Program
HARP is blessing homeowners with an extra $4,320 each year. Here's how it works.
Still unknown to many, this brilliant government program called the Home Affordable Refinance Plan (HARP) will help millions of Americans reduce their monthly payments by as much as $4,320 each year. 1 How does that sound? Pretty great for middle class families, many of whom are struggling with the state of the economy.
The government has announced that this program will expire on December 31st 2016 and is making a final push urging homeowners to take advantage of this program. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it is vital you act now.
A Stimulus Plan for American Homeowners
If your mortgage is less than $625,000, your chances of qualifying for HARP could be high. The Government wants the banks to cut your rates, which puts more money in your pocket, ultimately boosting the economy.
However, the banks are not happy about this. Here's why:
- The program makes it easier to qualify for lower mortgage rates
- You have the option to shop lenders other than your current mortgage holder
You think banks like the above? Rest assured, they do not. They would rather make more money by keeping you at the higher rate you financed at years ago. The middle class seems to miss out on everything, and jumping on this benefit is a no-brainer.
SUMMARY: HARP is reducing payments of millions of homeowners in the country. But the program is going to end at the end of 2016, so homeowners should check to see if they qualify if they haven't done so already.
See How Much You Qualify For »
Why Should You Care?
- The average monthly savings is $250. Could you use an extra $250/month?2
- On top of the savings, many homeowners could pay off their mortgage faster.
- Homeowners can even take cash out for home improvements, pay off debt, or pay for their children's education.
Where Do I Start?
The service I recommend is this mortgage reduction site, which has one of the biggest lender networks in the nation and what’s better is that they work with HARP lenders to provide consumers with a comprehensive set of mortgage options. It takes about five minutes, and the service is 100% free.
All you need to do is apply quickly at their free website, then you'll see why myself and every other financial expert I know are revising our mortgages immediately...
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