HARP II

Is your home worth less than you owe on your mortgage? If so, you are not alone. Fortunately, there is a new home loan program designed just for you! The HARP II loan program is here! Let us help you lower your mortgage payments and interest rate today.

Have you been turned down by your own lender? Has your loan been declined by other lenders? No problem. Not all HARP II lenders are the same. Many of them limit the loan to value ratio to as low as 105% and that may be why your loan was declined. Not the lenders we work with. We work with lenders that approve loans many other lenders will not touch. And no, not at higher rates than everyone else is getting; but at interest rates that are nearly the same as those everyone else seems to be getting! Yes, that’s right, even though your home is way upside down, you may still have the opportunity to take advantage of the low interest rates that are available to those whose homes are not under water.

So if you are still reading this article, chances are that the amount of your mortgage is higher than the value of your home. So, how much higher is it? 25% higher? 2 times the value of your house? 3 times? Believe it or not, there is a very good chance that we have access to a lender that will still approve your loan! And not at high interest rates, but at rates that are nearly the same as those a comparable borrower with an 80% loan to value ratio would get.
For example, let’s say your home is worth/has a value of $200k. Is the balance of your home mortgage $400k? That’s a 200% loan to value ratio. No problem.
For example, let’s say your home is worth/has a value of $125k. Is the balance of your mortgage $375k? That’s a 300% loan to value ratio. No problem!

Of course, you must meet certain requirements to qualify for the loan. There is no “catch.” It is simply the same case as it is with all loans – there are certain requirements that you must meet to qualify for a loan. For example, one of the criteria is that your income must be sufficient to afford the monthly mortgage payment. Fair enough, right? Please call us today for a free analysis of your situation and determination of whether we can find a solution custom tailored for you to help you start saving money as soon as possible – 941-795-7525.

Our goal is to help those with underwater homes, upside down homes, homes with the mortgages higher than the value of the home, home value upside down home loans, home value underwater home loans. We realized that there are many of you out there in our community. Let us help you.

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