When struggling to make ends meet, making monthly mortgage payments often proves frustrating and challenging. This problem grows only harsher when you’re unable to refinance due to the declining value of your home. If you’re struggling to stay in your home, assistance from the government can help.
At Top Flite Financial, we understand that many variables contribute to struggling to pay your mortgage. Fortunately, the government’s Home Affordable Refinance Program (HARP) was designed to help responsible homeowners like you get new, more affordable mortgages – even if the value of your home has fallen below what it once was.
If your mortgage was owned or acquired by Freddie Mac or Fannie Mae on or before May 31, 2009, you may be eligible for HARP assistance. Other qualifications are that the homeowner must not have a previous HARP refinance of the mortgage, unless it is a Fannie Mae loan that was refinanced under HARP during March-May 2009, the current loan-to-value ratio (LTV) of the property must be greater than 80% and the homeowner must benefit from the loan by either lower monthly payments or movement to a more stable product.
At Top Flite Mortgage, we’re here to walk you through the process of applying. Sheryl Rohen dedicates her life to helping you keep your home and retain the lifestyle you’ve worked hard to achieve.
As of now, the program extends to December 2018, so if you believe that you and your home may qualify for the program, contact us today to learn more about our HARP refinancing programs and to find out whether you qualify.