The Home Refinance Plan Banks Don't Want You Knowing



When homeowners visit the HARP Refi Quotes official website, they may be surprised at the shockingly low interest rates still available today and to learn of this little known government lending program.

One of the best-kept secrets behind reducing your mortgage payment is this government program called the Home Affordable Refinance Plan (HARP), and taking advantage of it now could benefit millions of American homeowners. By refinancing their homes at lower interest rates, homeowners can easily reduce their payments by as much as $4,905 each year. 1

As with most government benefits program, this program won't last long. The good news is that once you’re in, you’re in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, there is no better time than to act now.

Mortgage rates have decreased this month, but rates may not stay low if the government changes its economic policy. Act now while rates are still near historic lows and avoid a potential rate hike.


A true stimulus package for the middle-class

Did you know that the Home Affordable Refinance Program is designed to help middle-class Americans? If your mortgage is less than $625,000, your chances of qualifying are high. The Government wants banks to cut your rates, which puts more money in your pocket, ultimately boosting the economy.

But the banks are not happy about this. Here’s why:

  1. You have the option to shop lenders other than your current mortgage holder
  2. Your home’s Loan-to-value (LTV) may be 80% to 125%

Banks will make more money if they keep middle-class Americans at the higher mortgage rate that they negotiated years ago, so they are putting pressure on the Government to reverse this program. "People can really take advantage of this," Obama recently said in Washington, DC, urging homeowners to refinance sooner rather than later.1

The middle class seems to miss out on everything, and jumping on this benefit is a no-brainer. Act fast to refinance your house at these near-historic low refinance rates. If your mortgage rate is higher than 3.11%, you could be saving thousands.

  • The average monthly savings is $250. Could you use an extra $250/month?
  • On top of additional monthly savings, many homeowners could pay off their mortgage faster.
  • Homeowners can now also take advantage of the low rates and their home equity to get a cash out loan for home improvements, pay off debt, a vacation, pay for their children's education.

How much could you be saving?

Here's an example of how much you could be saving by reducing your rate to 3.25% from 6.25% (based on the rate that many homeowners received from lenders years ago)

What a 3% difference really means

200k loan @ 6.25% 200k loan @ 3.25% Savings
$1231 per month $870 per month
$443,316 total cost $313,348 total cost

How do I get these low rates?

The trick to finding the lowest rate is to utilize free websites that will compare available mortgage rates for consumers, allowing them to choose the best one. Our research found that HARP Refi Quotes, one of the country’s largest and most respected refinance comparison websites, is one of the few companies with HARP lenders on its network. The good news is that their services are free to homeowners like you.

There’s no obligation to homeowners, and HARP Refi Quotes offers easy and fast comparisons. It takes about five minutes, and the service is 100% free. You have nothing to lose, except for your money problems!

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