If you have a Nashville mortgage through Freddie Mac or Fannie May, you may be throwing away thousands of dollars every month! Both of these mortgage companies have a program designed to help you save tons of money called HARP, the Home Affordable Refinance Program.
HARP is a terrific program for Nashville homeowners to use. This loan program has given us the ability to refinance thousands of homes. You can lower your payments, take years off of your loan, or just lock in a lower fixed rate. HARP loans were created as a federal program to give homeowners that have their loans through Freddie Mac and Fannie Mae the chance to get an affordable home loan, to keep them from losing their home. In Nashville, having Ryan Kelley, The Home Loan Expert refinance your HARP loan is easy, as we follow a system that we have polished over the years of extensive work to be the best in the industry.
The HARP Loan program started in March of 2009, created by the Federal Housing Finance Agency to assist underwater home owners and borrowers that are behind on their loans, and are in danger of being foreclosed upon. Families that were unable to get out from under the loans because of the plummeting home values caused by the housing market crash of 2007. This didn’t sit well with those who had stayed current on their loans, and made the payments on their homes, no matter the higher rates. This led to the December, 2011 implementation of HARP 2.0, which gave borrowers who WEREN’T in trouble on their loans an opportunity for lower loan rates. The requirements also lessened, allowing homeowners who owed more than 125% to refinance without Private Mortgage Insurance. The mortgage lender was now guaranteed to not be held for fraud on the original loan, which led to more lenders signing up for the program. More often than not, we close Music City HARP loans without even needing an appraisal at all.
Start the refinance process now to take advantage of these lower rates and save thousands of dollars on your mortgage. The Home Loan Expert, Ryan Kelley, will even let you skip a couple of months of payments with a refinance! Call us at 800-991-6494 or apply online at www.thehomeloanexpert.com today. Nobody makes it easier to refinance and save thousands than The Home Loan Expert, Ryan Kelley.