HARP 2 Refinance Program: A Step-by-Step Guide for Florida Home Owners.

The Harp 2 refinance mortgage program is shaping up to be great news for Orlando, Florida home owners that are seeking options like never before. Orlando real estate owners have a new option that appears to be better than anything up to this point. The Home Affordable Refinance Program or HARP for short. More specifically the 2011 REVISIONS to HARP.

Why the optimism? Simply because the 2011 revisions bring very profound changes to Orlando real estate owners. One of the most noteworthy changes is the fact that you can, "owe more on my Orlando home than it is worth" and not be excluded by an Orlando HARP Refinance Lender.

For Real?

Yes - you can owe multiple times what your home is currently worth and that may not impact your ability to get a low HARP mortgage interest rate. Every hour we are fielding questions like, "Do I qualify for a HARP refinance?" or, "Does my Orlando home qualify for HARP?"

Here is how you can know. Now.

Three tests:

  1. Is your mortgage is backed by Fannie/Freddie? [If you don't know, we can help Ė simply visit www.HARPRefiQuote.com ]
  2. Was your Orlando mortgage backed by Fannie or Freddie by June 1, 2009. [This "backing" process can take up to 75 days, so if you closed before March 15, 2009 you should not have any issues but is it was in between Mar. 15 and June 1, letís investigate it deeper.]
  3. You are current on your Orlando mortgage payments. HARP 2.0 only allows for 1x30 late in the last 12-months and no lates in the last 6 months.

If you pass these three qualifiers, refinancing to a low HARP mortgage rate is a reality for you. If not, do not pass go, get Orlando Short Sale advice now.

ACT - HARP 2.0 is already seeing a record number of people getting pre-applicationed in Florida. Families all over Florida will be clawing to get through the HARP 2.0 process and waiting only ensures you will have a tougher time getting through the underwriting process... we can't say it any clearer - act NOW if this might be for you.

Send us an email or call us at 407-900-REFI [7334] to ask about the next best steps to keep your current mortgage from costing you more than necessary.

Chris Brown, CMPS, NAIFA
National Recognized HARP Expert

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