The Affordable Refinance: How the New HARP Helps Homeowners

The Home Affordable Refinance Program was scheduled to end in June of 2012 but has now, with its new changes, been extended until December of 2013. Applications dated on or after December 1, 2011 can get refinanced with the new HARP program.

Unfortunately, the HARP 2.0 program will not become available to most lenders until Mid-March, 2012. This doesn't mean you should wait to refinance. It just means now is the perfect time to start gathering documents and getting ready to refinance once it's made available.

Have an Underwater Home? Apply for the New Affordable Refinance Program.

The Home affordable refinance program was made specifically for homeowners who owe more than their house is appraised for. With HARP, you will be able to reduce your interest rate to current historic lows.  This will mean money off your mortgage payment every month, after you refinance.

Before you can apply for an affordable refinance with the new HARP program, you'll need to be sure you have the right documents in-hand. For a full list of documents needed, contact one of our HARP Specialists.

HARP, the affordable refinance, is available to an estimated 7 million homeowners.If you're still unsure of how to qualify for the new HARP program or how the HARP changes can affect your mortgage, review the New HARP program qualifications.

Learning what the changes to the new HARP refinance mortgage program are and how to qualify for the new HARP under its revised guidelines should help you save thousands of dollars a year. If you're ready to start the process of saving money every month Apply for your HARP refinance today with MCity Mortgage.