Congress has decided to end the greatest mortgage reduction program in US History, ending it on December 31, 2018. However, the banks have been keeping this a secret!
A forgotten mortgage stimulus program was passed by Congress to help middle-class Americans reduce their monthly payments by as much as $4,264 each year.
The government has announced that this program will expire on December 31, 2018 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.
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.
Close to a million homeowners could still benefit today, but sadly, many 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 qualify.
Where Do I Start?
With hundreds of mortgage lenders and brokers available, it can take consumers hours to simply contact each one separately and request a quote. The good news is that there are services that could help you save time and money by comparing multiple lenders at once. One such service is HARP Mortgage Quiz™ 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.
There’s no obligation to homeowners and HARP Mortgage Quiz™ offers easy and fast comparisons. It takes about five minutes, and the service is 100% free. You have nothing to lose, except for your money problems!
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