The New HARP 2 Refinancing Opportunities for West Sacramento Loans

Many West Sacramento homeowners would like to stay in their homes if the interest rate and payment were lower – With the recent changes to the government's Home Affordable Refinance Program, termed HARP 2.0, lenders are now helping West Sacramento homeowners obtain financing that have otherwise been unable to qualify due to declining home values and little to no equity.

  

Fannie Mae has adopted changes to the Home Affordable Refinance Program (HARP) that you may benefit from.

The program is designed to assist West Sacramento borrowers who have demonstrated an acceptable payment history on their existing Fannie Mae Home Loan, but may not have been able to obtain a lower payment or move to a more stable product due to not having sufficient equity in their West Sacramento home. With this new program there is no equity and no appraisal required. To qualify your loan must be owned by Fannie Mae, you must be current on your mortgage, you cannot have been late in the previous 12 months and you would have had to take out your loan prior to May 31, 2009.

The biggest downside is if you are upside down you will still be upside down but with a lower interest rate.to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation. Call me today and sleep better tonight; you’ll be glad you did