BENEFITS OF HARP 2.0 REFINANCE?

April 11, 2012 By T.C. Strait / Loan Officer

The hot topic in the mortgage world over the last 2-3 weeks has been HARP 2.0. Clients calling about it, lenders emailing about it, loan officers looking for homeowners who qualify. See my earlier post detailing WHAT IS HARP 2.0

So what are the benefits of a HARP 2.0 refinance?

Allows homeowners who are underwater to take advantage of the historically low interest rates.
In many cases takes the appraisal out of the puzzle.
Allows homeowners who took out a mortgage with mortgage insurance to roll that mortgage insurance over to the new HARP 2.0 mortgage.
Homeowners can choose to lower their term on their mortgage. Someone who bought a home 6 years ago, and took out a 30 year fixed rate mortgage, might want to consider a 25 or even a 24 year fixed rate mortgage.
Interest rates are comparable, and many times BETTER than a normal conforming refinance due to Fannie Mae and Freddie Mac capping the adjustments for HARP 2.0 refinances.
The loan process is no different than any other refinance.

If your current mortgage was taken out before May 2009 and is insured/owned by Fannie Mae or Freddie Mac, then you need to look into the HARP 2.0 refinance. Click here for a FREE HARP 2.0 Rate Quote or Contact Me

David & Bethany S.
I have done 3 different loans with TC and have never had one issue from start to finish on all of them. He was and is always on top of what I ll need to provide and lets me know what underwriting needs the minute he gets their request. He is very professional and knowledgeable. If he does not have a product to offer that I am looking for he has been able to successfully send me to the appropriate people. Highly recommend TC.
Mike & Nikki C.
I have never taken the time to write a review before, but I felt like I needed to take the time to write this one. My experience with T.C. was nothing but outstanding. He made the loan process from beginning to end as painless as obtaining a mortgage can be. T.C. offered multiple loan options for my wife and I, and helped lead us to a mortgage that worked for us. T.C. responded immediately nearly every time I had a question, and I couldn't have asked for a better home buying experience. Thank you T.C.
Troy & Jill E.
T.C. made what is sometime a hectic experience, go very very smooth. His education and guidance through this process made buying a house easy! He explained line item by line item on the closing documents and the close happened in a timely manner.
Richard & Dorothy K.
T.C. Strait is such a pleasure to work with. He has done several loans for myself and my friends. T.C. always goes above and beyond his job, he's always honest and upfront, above all he knows how to do his job! Highly recommend this guy!
Dave & Lisa H.
T.C. was great to work with! T.C. is very knowledgeable and always kept me up to date and was easy to get in contact with. I could count on him to answer all my questions and return any calls in a very timely manner. I have come to know T.C. as trustworthy and a man of integrity. I have been so pleased with his customer service in the past that I will undoubtedly continue to use T.C. in the future! I recommend him highly!
Michael A.
TC helped me with my home loan Feb 2015. This guy was remarkable!! I would never allow a friend or family member to deal with someone else. He stays on top of everything, stays in contact, and always answered my calls and questions, and best of all will get you the best rate out there. I can do nothing but brag about this guy.
Dane W.
Without T.C. and his experience and help I would not have been able to own the home that I do today. I am truly thankful I found him and he represented me in my purchase. I highly recommend anyone trying to by a home to have T.C. on their side he will go to the fullest extent to ensure you will become a home owner.
Krista L.
TC was extremely knowledgeable and professional. He made our first time home buying experience a breeze! We secured a great low interest rate and he was instrumental in making the process seamless with our lender and the builder. Would highly recommend his services!