What is HARP?

H.A.R.P. - the Home Affordable Refinance Program was made available via federal funding for homeowners who have stayed current on their mortgage payments but have little equity in their homes. HARP Requirements include the following criteria:

  1. The current loan to value must be greater than 80%.
  2. The borrower must be current on the mortgage at the time of the refinance with no late payments past 30 days in the previous six months
  3. The borrower must have no more than one late payment in the previous 12 months.
  4. The borrower must have a reasonable ability to pay the new mortgage payments.

A mortgage must be serviced or guaranteed by Fannie Mae or Freddie Mac. To find out if you qualify, call us at 888-123-4567 OR request a free quote below. Learn More

Many Utah homeowners would see great benefits if they were taking part in the current mortgage programs funded by the federal government. Studies show that most individuals who qualify for low rates using the HARP program do not take advantage of the opportunity. An estimated 10% of those who qualify for this special refinance program are currently taking advantage of it. One of the main reasons for this is that many homeowners assume they will not qualify for the program for one reason or another.

This is how the HARP program can help. There are options for Utah Homeowners to refinance mortgages that would have previously not qualified. HARP is about rewarding individuals who have paid their mortgages on time an but do not qualify for a refinance due to equity problems. Most Consumers who utilize HARP will save tens of thousands of dollars in payments, interest, and fees throughout the term of their mortgage. The low-interest rates we see in the current market will not last forever. Give Mortgage Trees a call to learn if you qualify for HARP today.

HARP Benefits:

  • If you owe more than your house is worth HARP allows negative equity refinancing!
  • Reduced income and credit requirements for HARP refinancing
  • Get today's lowest interest rates
  • Available for Fannie Mae or Freddie Mac loans.

Benefits of Working with Mortgage Trees:

Some mortgage companies will claim they are not participating in the HARP program, even though they are required to. You will be much better off utilizing a company that is eager to service your requests. Mortgage Trees makes no money unless we successfully help you refinance your HARP qualifying mortgage. We don't participate in the higher interest rate income strategies your current lender is using.

Mortgage Trees' interest rates are typically ¼% better than our competitors. This includes competition from credit unions to banks and mortgage brokers. Want proof? Get a free loan quote now and we will compare the savings and costs of our mortgages side-by-side with any other Mortgage Lender.

Mortgage Trees employs some of the most knowledgeable and professional staff in the industry. Our experts understand the rules and regulations in Utah and will work with you to find the best mortgage options for you and your family. You can rely on Mortgage Trees' undying commitment to excellence.

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