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Home Affordable Refinance Program - HARP II

With the new Home Affordable Refinance Program (HARP) loan, you may be able to refinance no matter how upside-down your mortgage is!

Are you worried about making your payments? Would you like to have more cash in your pocket every month? Do you want to try to pay off your loan quicker?

Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If you currently have a mortgage held by Fannie Mae or Freddie Mac, the HARP II refinance loan can help you lower your interest rate, decrease your monthly payments and help you start turning your finances around.

• Appraisals may be waived
  
• No LTV/CLTV restrictions on fixed-rate loans of 30 years or less
  
• Only 620 FICO required
  
• Loan was sold to Fannie or Freddie before June 1, 2009

If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. The refinance must benefit you in one of four ways:

• Reduction in the borrower's monthly principal and interest payment
  
• Reduction in the interest rate
  
• Reduction in the amortization term
  
• Movement to a more stable product (i.e., interest-only to fully amortizing, ARM to fixed, 30-year to 15-year, etc.)

Call (801) 901-8490 today