Irvine, California, (TBD) – Over the last several years homeowners across the country have watched as their home values have dropped by hundreds of thousands of dollars. Many of these people abandoned their homes while others have stood strong on the face of adversity. For the home owners who honored their commitments there wasn’t much help available until the Home Affordable Refinance Program was created by President Obama.
Thanks to the Obama refinancing plan people who have stood by their sinking homes can get help by applying for a government program called Home Affordable Refinance Program. The HARP program is designed to help people who have houses valued less than their mortgage and who are current on their payments.
In order to qualify for the HARP program a home owner will need to have a mortgage serviced by either Freddie Mac or Fannie Mae that was originated before May 31, 2009. The HARP loans are only available to people who have a good history of payments and are current on their recent payments.
The Obama refinancing plan will not require the home owner to have their house appraised. The values will be determined by a number of factors relative to the area where the home is located. The Obama refinancing plan is available for all property types including condos, single family homes, and multi-family homes.
People interested in learning more about the Home Affordable Refinancing Program should visit http://www.harpalliance.com/. The website has various sections that will allow a person to check their eligibility, fill out application to pre-qualify for the HARP program, and plenty of information a home owner will need.
About HARP Alliance:
Based out of California, HARP Alliance has seen the need in the current economic times and the hardships of home owners to create a place where home owners can go to save money and their homes. HARP Alliance is an organization that aims to help people get the information they need to save money and refinance their homes.
HARP Alliance has a team of experts who are ready to help underwater home owners navigate the treacherous waters of the Home Affordable Refinance Program. The HARP Alliance team will help people with everything they need to get them qualified for the program.
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