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AccessBanc Mortgage Says HARP 2.0 Can Help Underwater California Homeowners

18.05.12

San Jose, CA (PRWEB) April 26, 2012

According to Bay Area mortgage broker AccessBanc Mortgage, certain changes in the Home Affordable Refinance Program (HARP) can help homeowners with mortgages for more than the home’s current value take advantage of today’s historically low mortgage rates.

Introduced in 2009 under the Obama administration, HARP was designed to help homeowners who were up-to-date on their mortgage payments but still owed more than their homes’ worth obtain more affordable and stable mortgages.

The second version of HARP, known as HARP 2.0, was officially launched by Fannie Mae and Freddie Mac on March 17, 2012, and includes several revisions to the program that will benefit California homeowners looking to refinance, says AccessBanc Mortgage.

“One big change that is currently in process is the fine-tuning of Fannie Mae and Freddie Mac’s automated underwriting system, which the federal mortgage institution uses to electronically appraise home values and ultimately decide who gets approved for refinancing,” says AccessBanc Mortgage Principal Greg Erny.

Source: PR Web (press release)

Fearing Rates Won't Go Lower, The Homeowners Consumer Center Now Urges ...

18.05.12

Americas Watchdog's Homeowners Consumer Center says, "If you are a homeowner in Utah, and you are paying more than 5% on your current mortgage, we are strongly encouraging you to take advantage of American Interbanc's mortgage interest rates to save money now, with a refinance."

(PRWEB) April 26, 2012

The Homeowners Consumer Center is the premier consumer advocacy organization in the United States, focused on protecting homeowners, and the American dream of home ownership. The Homeowners Consumer Center has endorsed American Interbanc for the last six consecutive years as the best mortgage lender in the United States.

Americas Watchdog's Homeowners Consumer Center says, "If you are a homeowner in Utah, and you are paying more than 5% on your current mortgage, we are strongly encouraging you to take advantage of American Interbanc's mortgage interest rates to save money now, with a refinance. We are also urging any homeowner in Utah, who is considering refinancing to Google American Interbanc , and compare their mortgage interest rates, or fees to any other lender in the state of Utah. There is a very good reason why we have endorsed American Interbanc for six consecutive years as the Best Mortgage Lender in the US." The group says, "American Interbanc consistently offers homeowners in Utah wishing to refinance, or home buyers in Utah state with the lowest possible mortgage interest rates, and fees. However there is a catch, the caveat being the homeowner, or home buyer must have excellent credit, and verifiable income. American Interbanc also offers unsurpassed mortgage lending refinancing, or home loan mortgage services in New Jersey, Massachusetts, Pennsylvania, California, and Washington, for homeowners, or home buyers with excellent credit, and verifiable income. The Homeowners Consumer Center strongly encourages homeowners or home buyers in theses states to contact American Interbanc by calling their toll free number at 1-800-724-0004 or by visiting their web site at http://www.americaninterbanc.com .

Source: Albany Times Union