Thursday, February 9, 2012
What is a HARP Loan?
Home Affordable Refinance Program
The Home Affordable Refinance Program (HARP) is designed to assist homeowners in
refinancing their mortgages – even if they owe more than the home’s current value.
The primary expectation for Home Affordable Refinance is that refinancing will put
responsible borrowers in a better position by reducing their monthly principal and
interest payments, reducing their interest rate, reducing the amortization period, or
moving them from a more risky loan structure (such as an interest-only mortgage or a
short-term ARM) to a more stable product (such as a fixed-rate mortgage).
Colorado's HARP Leader
Aspen Financial Group - aspenloans.com
John Griffith
President, Aspen Financial Group
1-877-57ASPEN or local at 303-369-5033
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Just to think of homeowners being refinanced by Harp Loans more than the current value of their home is a big help. What with today's economy.
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