Refinance With Harp 2.0

Are you struggling to make your monthly mortgage payments but have been unable to refinance because of a decline in the value of your home? You may be eligible for relief through what’s known as the Home Affordable Refinance Program, or HARP for short. HARP is a government program that was created in 2009 by the Federal Housing Finance Agency. The purpose of the HARP 2 refinance program is to assist homeowners that are either already or close to becoming underwater in their mortgage.

HARP 2.0 is a revamped version of the original, which has extended the amount of time homeowners can apply and take advantage of the program.

To date, more than 900,000 people have benefitted from a HARP 2 refinance, and you may be able to as well! If eligible, EZ Online Mortgage can assist you with the process and provide access to the most competitive HARP 2.0 refinance rates available. Click here to find out whether you’re eligible for the California Home Affordable Refinance Program and then apply today to get started!

Why Apply for a HARP 2 Refinance?

For many homeowners, fluctuations in the economy over the past several years have dramatically reduced the value of their homes. When this happens, the homeowner ends up owing more on their mortgage than the house is actually worth, which eliminates the possibility for a traditional refinance. With the Home Affordable California Refinance Program in place, many of these homeowners are able to get relief from this burden by refinancing their mortgages for a better rate and/or lower payment.

At EZ Online Mortgage, our goal is to help homeowners just like you continue to enjoy the American dream of owning your own property. If you are finding it difficult to make your current Fannie Mae or Freddie Mac mortgage payments, but have not fallen behind, you may be eligible to apply and be approved for a HARP 2 refinance. If you qualify, our mortgage specialists will get right to work finding the lowest HARP 2.0 refinance rates and getting you into a new mortgage loan you can feel comfortable with.

The first step is figuring out if your mortgage is a Fannie Mae or Freddie Mac loan. If it is, the next step is contacting us to get the process started. It’s that simple! Apply now!

Who is Eligible?

The HARP 2 refinance program is only available to homeowners who meet the following criteria:

  • Current on mortgage with no late payments in the last six months and no more than one late payment in the past year (12 months)
  • Mortgage is owned or guaranteed by Fannie Mae or Freddie Mac
  • Mortgage was sold to Fannie Mae or Freddie Mac on or before May 31, 2009
  • No previous HARP refinances (except Fannie Mae loans that were refinanced under HARP between March and May, 2009)
  • Ability to pay new mortgage payments

Click on each name to learn whether your mortgage is a Fannie Mae or Freddie Mac loan and if you are eligible to apply for a HARP 2 refinance.

California Home Affordable Refinance Program FAQs

Still have questions about what a HARP 2 refinance is, what the current HARP 2.0 refinance rates are and how you can use the program to your benefit? Check out a list of the most frequently asked questions below.

Does a HARP refinance cost money?

Just like any other mortgage refinance, there may be some fees associated with a HARP 2 refinance. Our expert mortgage consultants will go over any and all charges with you before moving forward so that you can make the most informed decision for your family and your budget.

Can I use my HARP refinance to access equity in my home?

While a traditional mortgage refinance may provide the opportunity to access extra cash from the equity in your home, the Home Affordable Refinance Program California does not offer this option. It is simply a refinance to adjust the interest rate and certain other aspects of the loan.

What kind of HARP 2.0 refinance rates are available?

Interest rates fluctuate regularly. The best way to find out what type of HARP 2.0 refinance rates you may end up with is to contact one of our mortgage consultants today.

I have both a first and second mortgage on my home. Can I still refinance under HARP 2.0?

Yes, provided you meet additional criteria. In addition to the basic eligibility requirements, the bank that holds the secondary lien must agree to remain in that position and you must be able to demonstrate that you can afford to make the payments on the new mortgage.

Will a HARP refinance reduce the total amount I owe on my mortgage loan?

No. The goal of the California Home Affordable Refinance Program is to help reduce the monthly payments, which is where the attractive HARP 2.0 refinance rates come into play. You’ll still owe the same total amount of your loan, but your payments will be more affordable.

Should anyone who is eligible apply for HARP?

The objective of HARP is to improve the long-term affordability of your home loan. If the terms of the new mortgage aren’t more favorable than your current loan, then a HARP refinance might not make sense for you. Our experienced representatives can help you determine whether this type of refinance is the right choice for your situation.

How long do I have to apply for a HARP refinance?

The program is scheduled to end on December 31, 2015. That means that while you still have time, your best option is to apply now. This will ensure that your refinance is processed and approved prior to the deadline. Contact us today to get started!

The Power of Experienced Professionals

Applying for the Home Affordable California Refinance Program can be a complicated and downright confusing experience. What you need is a team of seasoned mortgage professionals in your corner. The expert consultants at EZ Online Mortgage are available to walk you through the entire process, from determining eligibility to completing the application to signing the paperwork. What’s more, our many years in the industry allow us to access the lowest HARP 2.0 refinance rates around.

Don’t take chances when it comes to financing your future and keeping your home loan affordable. Trust the team at EZ Online Mortgage to make it happen! Check your eligibility today and apply now to get started!


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