Home Affordable Refinance Program Now Benefits More Borrowers
Dear John,
Capital Financial Bancorp Inc and I wanted to make you aware of some
recent changes to the Home Affordable Refinance Program (HARP). If you
owe more than your home is worth, this program may help you save money.
HARP has helped nearly 900,000 Americans refinance and the new
guidelines are aiming to increase that significantly.
Will I Qualify?
HARP enables borrowers who owe more than their home is worth to take
advantage of low interest rates and other refinancing benefits. Some
other guidelines for eligibility are:
- Your existing mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
- You must be current on your mortgage
payments with no late payment in the past six months and no more than
one late payment in the past 12 months.
- The program will continue to be available for loans with the current loan-to-value (LTV) above 80%.
Let's review your account and determine if you can benefit from new HARP
guidelines. Contact me at 312-493-6021 or
mjennings@capitalfinancial.net.
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Sincerely,
Mike Jennings
Senior Mortgage Advisor
Capital Financial Bancorp Inc
NMLS# 215236
Company NMLS# 133656 |
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