This Little-Known Home Refinancing Plan Could Reduce Your Mortgage Payments As Much As $3,120 Each Year
Published on March 4th, 2019
The new refinance plan banks don’t want to you know about… See why.
If you’re a homeowner born before 1985 with no missed payments, you may be in for a huge payday thanks to the greatest mortgage reduction program in U.S. history.
As of December 31, 2018, the Home Affordable Refinance Program (HARP) was eliminated by Fannie Mae and Freddie Mac. HARP program was originally created to help homeowners who were struggling after the housing bubble burst in 2008. Homeowners could qualify if they were current on an existing mortgage loan with little to no equity to take advantage of low mortgage rates and could have saved up to $2,400 per year on their payments. The original HARP program is outdated, and that is why it has been redesigned and improved for 2019.
The good news is that Fannie Mae and Freddie Mae are rolling out the "Enhanced Relief Refinance Program", that qualifies more American homeowners (with existing Fannie, Freddie Mac mortgages) and reduces the term or payments by as much as $3,120 per year (or $260 per month). It is essentially a new and improved version and offers more than the original HARP program. If you owe less than $680,000 on your home you may qualify for this Enhanced Relief Refinance Program with shockingly low-interest rates.
You could bet the banks aren’t too thrilled about losing all that profit, which is why they have been trying to keep this new replacement unwraps.
Now, the Government is urging more homeowners to take advantage. This program could end at any given time in 2019, but the good news is that once you're qualified, you're locked in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it's vital you act now and see if you could qualify for this program.
URGENT: Thousands of homeowners could still benefit today, but sadly, many perceive the Enhanced Relief Refinance Program to be “too good to be true.” Remember, this is a free program and there's absolutely NO COST to see if you qualify.
Check if you qualify and see how much you can save by following these steps:
Step 1: Visit the Enhanced Relief Refinance Program approval website below and answer a few questions on the next page
Step 2: After you enter some information about your home, you will find out how much you may save by refinancing. It’s so easy and quick to put money back into your pocket!