New Gov't Refinance Program helps Homeowners Upside Down

New Government Refinance Program – Helping Responsible Mortgage Payers!!!!
More than 90% of all home owners meet their mortgage payment obligations. Now there is a new government sponsored refinance program called the Home Affordable Refinance Program, or (H.A.R.P.), aimed at helping responsible home owners refinance into a 30 year fixed stable loan regardless of their homes current appraised value.

· Refinance up to 105% with no Mortgage Insurance Required
· High Balance Loan Amounts Are Eligible
· No Minimum Credit Score Requirement
· Reduced Income Documentation Available
· Stable 30yr Fixed Rate

This program is limited to Fannie Mae and Freddie Mac owned mortgages, so to learn if you qualify simply go to the following secured government website and enter your name and property address: http://makinghomeaffordable.gov/loan_lookup.html.

Program Eligibility:
· 1st mortgage must have been originated with 80% loan-to-value prior to March 1st, 2009
· Existing loan must be owned by Fannie Mae or Freddie Mac
· 1-4 units, condo’s, second homes and investment properties allowed
· Program offered for only a limited time

The H.A.R.P. program has some restrictions so give me a call today at 714-478-3153 to find out if you are eligible!.
. Markets Quiet Ahead of Fed Meeting
With little economic news released during the week, mortgage rates moved very little this week. Treasury yields and the stock market also were little changed ahead of next week's major economic events. The fed funds rate is already close to zero, so no change in rates is expected at Wednesday's Fed meeting next week. At the last meeting on March 18, the Fed shocked investors with an aggressive expansion of its mortgage-backed securities (MBS) purchase program from the previously announced $500 billion to a total of $1.25 trillion.
My opinion, now is the time to refinance as the government needs to issue a huge amount of debt to pay for all its new programs and inflationary times could be ahead which will raise interest rates!