Brian Berman President / Sr. Loan Specialist Mortgage Atlanta, LLC Phone: 678.564.1522 Fax: 888.727.0145 License: NMLS Company License # 184273 bberman@Mortgage-Atlanta.com www.mortgage-atlanta.com |
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June 2012
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HARP 2.0 Is In Full Swing See if You Can Benefit These days, the word harp stands for more than just a beautiful musical instrument. In the home loan arena HARP 2.0 stands for the Home Affordable Refinance Program. But what is HARP 2.0 exactly and–most important of all–can you benefit? Read on for details. HARP 2.0 is an enhanced refinance program that allows homeowners with qualifying mortgages to be able to take advantage of today's historic low interest rates, even if their home has decreased in value or is worth less than their mortgage balance. The program was first enacted in May 2009, but was enhanced recently to give more homeowners the opportunity to refinance. Who Qualifies? You may be making payments to your lender or servicer without realizing that Fannie Mae or Freddie Mac actually own the loan. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: What Features? In addition, many of the fees associated with the original program have been reduced or eliminated. Also, a full appraisal may not be required–which can save time, money, and perhaps some anxiety. HARP 2.0 allows for refinancing to a lower interest rate and payment, shortening the term of the loan, moving from an adjustable rate mortgage to a fixed rate mortgage–or some combination thereof. Occupancy may have changed since the original loan was written, and in some cases the property can even be listed for sale. Which Mortgages? The Bottom Line | ||||||||||||||||||||||||||||||
Georgia Residential Mortgage Licensee #24081; NMLSR Company ID# 184273; NMLSR Loan Officer ID # 184320. Mortgage Atlanta, LLC 601 Woodlawn Dr, Suite 340 Marietta GA 30067. Rate subject to change. Borrower must meet all lender, state, federal requirements. Each office is separately owned and operated. You are receiving a complimentary subscription to YOU Magazine as a result of your ongoing business relationship with Brian Berman. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials. INVITE A FRIEND to receive YOU Magazine. Please feel free to invite your friends and colleagues to subscribe. SUBSCRIBE to YOU Magazine. If you received this message from a friend, you can subscribe online. UNSUBSCRIBE: If you would like to stop receiving emails from Brian Berman, you can easily unsubscribe. Mortgage Atlanta, LLC |
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