HARP Eligibility and Assistance

by | Home Improvement Grants, Housing Information

 If your mortgage is making your financial life more difficult than you expected, you can get assistance through a program called HARP (Home Affordable Refinance Program). HARP eligibility is easy to determine as there are several factors that can affect whether or not you can get help with your mortgage. If you want to lower your payments and are a responsible homeowner, there are several things that you can do to help with determining your eligibility for this program.

Refinance Today and Save!

 

How Can HARP Help You?

The HARP website is an excellent resource to help with obtaining information about what you need to do to get started down the path to financial relief. The basic qualifications are that you be caught up on your home payments with no late charges on your credit in the last six months, that your home meet certain residency requirements such as it being your primary residence, secondary residence or a business residence, your loan must be through the Freddie Mac or Fannie Mae loan programs, you have to have gotten your loan before May 21, 2009, and your LTV ratio must be more than 80%. These are fairly common factors in people who have purchased a home and are fairly easy to meet and prove. If you aren’t sure who owns your loans, you can use handy tools on the HARP website to look up your loan originator. This page is designed to help homeowners as much as possible. Even if you have applied for HARP before and have been denied, the many changes that have been made to the program in the last few years have made it much easier to get approved, so it is worth it to try again. Refinance Today and Save!

Government Housing Assistance

 

In order to get HARP started, it is necessary to fill out and turn in an application. After that, you have to get the application approved, and then go through a closing process, similar to the one that happens when you close on a house initially. After gathering your financial documents and information, a call to your mortgage company is necessary. If they are a participant in the HARP program, they should have all of your information on hand, so the process is easy to go through in most cases. If your loan company doesn’t accept HARP, it may be time to consider switching companies so that your options are made more abundant. Most lenders are more than willing to keep your account in good standing in any way that they can, so the application and closing processes for the HARP program are often expedited with most lenders. Refinance Today and Save!

 

For most people who owe more than their home’s worth in mortgage payments, it is a huge benefit to refinance and to get lower payments every month. Though it seems daunting, there are ways to make the process easier, such as being prepared before even making the initial call to your lender or your mortgage company, making sure you are with a company that takes the HARP program, and by being assertive. If you aren’t approved the first time, try again. You an always get a second opinion on your finances, especially when it is in your best interest to do so.

Have you tried A FHA Loan?

 

The HARP website contains many resources to help get the process started. For instance, there is an eligibility determining tool, which can knock out a great deal of groundwork beforehand. Harp.gov also has a LTV calculator and a link to a page that can help determine what your new rate for your payments will be. There are useful tools that can help with contacting your lenders and with making sure that you are not getting lured into a scam by an outside company that might not be quite as reputable. Many companies try to charge fees or make you make payments through their site rather than through an actual mortgage company, and that is fraudulent, so be careful. If your mortgage company does not authorize an action regarding your financial assets, do not do it. The HARP program is there to help you and to make life easier where an otherwise overwhelming monthly payment stands in the way of your ability to enjoy life. follow these guidelines, use the website and its tools, and take your financial freedom back.

 

Modern Millionaires Mindset
Here’s A Modern Millionaire Rhetorical Question:   If you have a spare million dollars in your bank account today… How will you spend it? Pay off all your bills and loans? Buy your dream car? Dream house? Give your family a better life? Travel all...
A VA Home Loan Can Help You Get Affordable Housing
 Ever since the housing market collapse, lenders have tightened the requirements to qualify for loans. If you don't have the required credit score or enough for a 20 percent down payment, it will be difficult to secure qualification for a conventional...
Increasing Literacy in Children
Increasing Literacy in Children Literacy is important. This is a fact that cannot be stressed enough. Often, arts and literature are tossed to the side to make way for additional funding in other areas, but learning to read lays the foundation for further education...
Applying and Making Phone Calls to Potential Employers
Applying and Making Phone Calls to Potential Employers Applying to Places Not Hiring: A Wise Move or Not? Are you in desperate need of a job? If you are currently unemployed or if you truly think that your current job is making you “crazy,” you may be due for a new...
Section 8 Vouchers Less Likely to be Accepted
 About 300 less, that is the number in Nashville, TN. Since 2010 there has been 300 fewer Section 8 vouchers accepted throughout the Greater Nashville Area. Families are being kicked out of their apartments and housing because the owners have just decided...
Free Cell Phones: Avoid The Trap
Cell phones are becoming very sophisticated with the advancement in the technology. Today the cell phones come with lot of mind-boggling kinds of features on them. Due to the increasing competition between the handset manufacturers and the service providers, lots of...
Government Grants Exposed
You and I have heard it all before, the man with the funny jacket on late night TV telling us that the United States government gives out over 30 Billion dollars in grants every year. And if we want any of that for ourselves, all we have to do is send him...
Social Security Disability Benefit Application Help
 There are several advantages to applying for Social Security Benefits online. There is no need for an appointment and it will definitely save you time. Visitng your local Social Security Office can be very time consuming and frustrating. Read the...
Readership Programs for Children
Readership Programs for Children The summer break may not always be beneficial to children. Studies show that children lose an average of one month of learning during the time off between school years. One way to counter this is to engross them in activities that...
How Does Renting to Own Really Work?
 In the years leading up to the financial crisis of 2007-08, the renting to own model — in which tenants/buyers have an option to purchase the house or condo they’re renting from their landlord/seller— was mostly offered by individual homeowners. In the...
Should You Consolidate Student Loans?
Should You Consolidate Student Loans? In order to make it through the years of school, students take on a lot of debt from various loans. Sometimes, these loans come from private lenders with higher interest rates and fewer protection. Most loans, however, are funded...
Positive Thinking Can Change Your Life
Positive Thinking Can Change Your Life Enthusiasm Is Positive Energy “No pessimist ever discovered the secret of the stars, or sailed to an uncharted land, or opened a new doorway for the human spirit.” - Helen Keller Enthusiasm is the sunshine of your mind’s garden....
5 Ways to Keep Your House During A Market Crash
Anyone paying attention to the housing market in the Los Angeles area knows that home prices have been at record highs. National Mortgage News suggests that this could be a housing bubble about to burst, and a decline in home prices and an increase in mortgage...
How to Find Bargains at Flea Markets
I love to spend hours looking at flea markets for different items. Different vendors set up their products in a central location so that consumers can spend their time walking around and see the new and used items available for sale. You never know what you will come...
How Do I Get FHA Refunds?
Although FHA refunds are for people who have FHA-insured mortgage loans, not everyone is entitled to a refund. Various factors are considered to determine who can receive a refund. FHA refunds are available for those who finance their homes within three...
5 Common Ways Families Overspend
If you are looking for ways to free up extra money in your family budget, you are not alone. You may be eager to use any extra money that you can find for debt reduction, savings, or other goals. While it may seem as though there is little or no extra room to scale...
Disability Lawyers | Filing SSA Claims
According to the Social Security Administration, an average of 52% of applicants is rejected yearly. This only shows that the government is very serious in paying only those who deserve these benefits. So, it is important that social security disability...
Social Security Disability Assistance
 Social Security Disability Insurance pays benefits to you and certain members of your family if worked long enough and paid Social Security taxes. Supplemental Security Income pays benefits based on financial need. If you need help and personal guidance...
How To Find Good Insurance Companies
 Insurance is a part of life whether you’re looking to protect your life, home, or automobile. All insurance companies are not equal. Working with a good insurance company is just as, if not more, important as having coverage. Here are four things to keep...
“Believe in The Power of 3”
The number 3 is the first number to which the meaning “All” was given. It is the number of the whole as it contains the beginning, a middle, and an end. When you raise the number 3 to a second power, it simply magnifies everything you already have and...

Subscribe

Family Picnic

Enter Your Email for Best Results

Due to the overwhelming response, please enter your name and email to ensure the proper search results.

You Are On Your Way!

Family Picnic

Enter Your Name and Email for Best Results

Due to the overwhelming response, enter your email for best results. Look for your free ebooks from New Flex Career!

You Are On Your Way!

Family Picnic

Enter Your Email for Best Results

Due to the overwhelming response, please enter your name and email to ensure the proper search results.

You Are On Your Way!

Family Picnic

Enter Your Email for Best Results

Due to the overwhelming response, please enter your name and email to ensure the proper search results.

You Are On Your Way!

Family Picnic

Enter Your Email to Receive New Assistance Updates

Due to the overwhelming response, please enter your name and email to ensure proper results.

Thank You! You will now receive the latest assistance updates!

Pin It on Pinterest

The More You Share. The More We Can Help!

Share these posts & pages with friends!