Forget Social Security if you Own a Home (Do This)

1 hour 15 minutes ago

HARP is blessing homeowners with an extra $4,264 each year. Here's how it works.

A forgotten mortgage stimulus program that was passed by Obama to help middle-class Americans reduce their monthly payments by as much as $4,264 each year.

The government has announced that this program will expire and is making a final push urging homeowners to take advantage of this program. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it is vital you act now.

HARP is a free government program and there is no cost and no obligation to See if you qualify »

A Stimulus Plan for American Homeowners

If your mortgage is less than $625,000, your chances of qualifying for HARP could be high. The Government wants the banks to cut your rates, which puts more money in your pocket, ultimately boosting the economy.

However, the banks are not happy about this. Here's why:

  1. The Program makes it easier to qualify for lower mortgage rates
  2. You have the option to shop lenders other than your current mortgage holder

You think banks like the above? Rest assured, they do not. They would rather make more money by keeping you at the higher rate you financed at years ago. The middle class seems to miss out on everything, and jumping on this benefit is a no-brainer.

Close to a million homeowners could still benefit today, but sadly, many perceive HARP to be too good to be true. Remember, HARP is a free government program and there’s absolutely NO COST to See if you qualify »

Where Do I Start?

With hundreds of mortgage lenders and brokers available, it can take consumers hours to simply contact each one separately and request a quote. The good news is that there are services that could help you save time and money by comparing multiple lenders at once. One such service is HARP Mortgage Quiz™ which has one of the biggest lender networks in the nation and what’s better is that they work with HARP lenders to provide consumers with a comprehensive set of mortgage options.

There’s no obligation to homeowners and HARP Mortgage Quiz™ offers easy and fast comparisons. It takes about five minutes, and the service is 100% free. You have nothing to lose, except for your money problems!

Select Your State

Click To See If You Qualify »


Average monthly savings from

State of the Union transcript - Further information for this can be found at

Under provisions of the Making Homes Affordable Act(a.k.a. HARP 2.0), signed into law by President Obama, Fannie Mae has removed certain loan refinance requirements for qualifying loans including the Loan-To-Value (LTV) ceiling for fixed-rate mortgage, property appraisal, minimum credit score & credit check, and eliminated & lowered certain fees for borrowers making it easier to refinance into a lower rate mortgage, effectively reducing the amount of interest paid (and owed) over the life of the loan. More info:

A shorter term mortgage enables such borrowers to pay down the amount they owe much faster than a traditional 30-year mortgage. Furthermore, interest rates on shorter term mortgages usually are less than on thirty-year mortgages. More information can be found at The Making Home Affordable Program is set to expire December of 2018 and is free but standard refinance fees will still apply.

On a $200,000 loan, a homeowner in a 30 year fixed at 6.25% would end up paying the bank $443,316. That same homeowner, if they switched to a 15 year fixed at todays rate of 3.58% APR would own their home for only $250,779

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