(PRWEB) December 08, 2011
The new Home Affordable Refinance Program (HARP) could be a big opportunity for people who want to refinance their homes. Unfortunately, it could also be a big opportunity for scammers.
RP Funding, Orlando’s “No Fee” Direct Mortgage Lender, along with the Better Business Bureau is warning consumers to be on the lookout for scams targeting people looking to use HARP.
“Whenever there is a new or updated government program that may be a bit confusing, scammers come out of the woodwork to take advantage of that confusion,” said Katherine Hutt, spokesperson for the Council of Better Business Bureaus, in a news release. “There are already hundreds of websites claiming to be able to help homeowners through the HARP process, but many of them are rip-offs and scams.”
“My biggest warning is to watch out for any company or person who asks you for upfront fees. If that happens, move on – quickly,” said Robert Palmer, President of RP Funding.
The new HARP regulations are aimed to help refinance homeowners who are upside down on their mortgage (those who owe more than their house is worth). The program went into effect on Dec. 1, 2011.
RP Funding is known as Orlando’s “No Fee” Direct Mortgage Lender. The company underwrites, closes and funds its own loans to offer customers the best rates and highest level of service.
To learn more about RP Funding, go to RPFunding.com or call 407-802-3344.
About RP Funding: RP Funding is a licensed Florida Mortgage Lender with offices in Maitland, Florida. As a direct lender, RP Funding underwrites, closes and funds its own loans in order to offer customers the best rates and highest level of service. Unlike banks and mortgage brokers, RP Funding offers “wholesale” mortgage rates directly to consumers to save them money. The only fee that RP Funding customers pay is when they choose to buy down to a lower interest rate through a rate discount cost. For more information, please visit http://www.rpfunding.com/.
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