Articles
Take Advantage of Current Mortgage Rates in California
by Ati Agrawal Content WriterCalifornia home owners looking for refinance, and residents looking to buy their new home should take advantage of the current mortgage rates. With the 30-year fixed rate as low as 2.5 % and the APR rate 2.5 %, the citizens have a good chance to enjoy lower rates and overall costs. The fixed rate option is ideal for those who wish to use the property for long. Despite the lucrative current mortgage rates in California, it would not be advisable to take any loan or refinance option without expert counseling.
If you are looking for home loans, you need to get in touch with a home loan banking firm that has competent professionals offering advice on home loans and mortgage financing. They would inform you about the insider secrets and strategies for making the most out of your mortgage or its refinance. For example, the Home Affordable Refinance Program (HARP) offered by the government, can help the California homeowners who are paying more on their home than it’s worth. If guided along astutely, the homeowners in the city can qualify for a refinance loan and enjoy quick approval with minimal paperwork.
If the following conditions of your loan are fulfilled, you can get great benefits out of the HARP 2:
With expert counsel at your disposal, regarding ways to qualify for a particularly lucrative refinance program, make use of exceptions allowed for lower income, credit scores, assets, and appraisal values, your aim of getting the most beneficial refinance can be achieved. This is important because the very purpose of HARP was to solve the problem of fallen property value faced by millions of homeowners. But as the rates of refinance are at their historically low levels, and hence, the borrowers need to evaluate and make best use of the convenience offered by the various options of refinance.
HARP 2 is not the only refinance option available to homeowners; the recession of 2009 necessitated many banks to come up with different refinance schemes. The estimate by Fannie Mae and Freddie Mac is that their programs have helped more than 9 million families since 2009. Out of these, only 10 percent were eligible for the HARP scheme. So, you need to learn more about the home loan or refinance program you qualify for.
If you are looking for home loans, you need to get in touch with a home loan banking firm that has competent professionals offering advice on home loans and mortgage financing. They would inform you about the insider secrets and strategies for making the most out of your mortgage or its refinance. For example, the Home Affordable Refinance Program (HARP) offered by the government, can help the California homeowners who are paying more on their home than it’s worth. If guided along astutely, the homeowners in the city can qualify for a refinance loan and enjoy quick approval with minimal paperwork.
If the following conditions of your loan are fulfilled, you can get great benefits out of the HARP 2:
- The purchase of loan was by Freddie Mac or Fannie Mae before May 31, 2009.
- The loan is currently on payments.
- You have not already used the HARP provision.
- The loan can be evaluated to be more than the value of your home.
With expert counsel at your disposal, regarding ways to qualify for a particularly lucrative refinance program, make use of exceptions allowed for lower income, credit scores, assets, and appraisal values, your aim of getting the most beneficial refinance can be achieved. This is important because the very purpose of HARP was to solve the problem of fallen property value faced by millions of homeowners. But as the rates of refinance are at their historically low levels, and hence, the borrowers need to evaluate and make best use of the convenience offered by the various options of refinance.
HARP 2 is not the only refinance option available to homeowners; the recession of 2009 necessitated many banks to come up with different refinance schemes. The estimate by Fannie Mae and Freddie Mac is that their programs have helped more than 9 million families since 2009. Out of these, only 10 percent were eligible for the HARP scheme. So, you need to learn more about the home loan or refinance program you qualify for.
Sponsor Ads
About Ati Agrawal 
Content Writer
85 connections, 2 recommendations, 255 honor points.Joined APSense since, May 9th, 2012, From Delhi, India.
Created on Dec 31st 1969 18:00. Viewed 0 times.
Comments
No comment, be the first to comment.
