Benefits of Home Affordable Refinance Program (HARP)

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Drew Mortgage Associates
Home Affordable Refinance Program (HARP) Benefits
Boston Mortgage Lender Toll Free 877-949-3739
www.drewmortgage.com
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The Home Affordable Refinance Program, also known
as HARP, is a federal U.S. program to refinance
current mortgages. This home loan program is
helpful to borrowers with little to no equity who
are looking to refinancing their property. This
refinance loan program is only available for
buyers who previously had Fannie Mae or Freddie
Mac loans. Lets review top reasons why a HARP
loan can be helpful.
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BENEFIT - 1
Lower Monthly Payment
HARP loans are based on your current credit score
and aim to reduce your estimated monthly
installments (EMI). Refinancing this way
generally saves money.
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BENEFIT - 2
Lower Interest Rate
You have the option of reduced interest rates set
by the U.S. Federal Reserve.
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BENEFIT - 3
Fixed-Rate Mortgage
You can change your loan program from an
adjustable-rate to a fixed-rate, which will
remain stable regardless of housing market
conditions.
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BENEFIT - 4
Build Equity Faster
You can build the equity in your property at a
faster rate and in a shorter period by opting for
a short term rate.
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If youre looking for a HARP loan program, Drew
Mortgage Associates can help you check your
eligibility, apply for the loan by ensuring
proper documentation, and follow the approval
process.
Apply Now
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For more information updates on the HARP loan
program and its requirements, you can refer below
video
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www.drewmortgage.com