HARP was created specifically to help the underwater borrower refinance to current market rates.
San Diego, CA (PRWEB) December 26, 2012
The Courtesy Mortgage Company website has just received a total makeover to enhance the site's navigation. The new website makes it easier for customers looking to refinance their Freddie Mac or Fannie Mae loans. Since the introduction of the HARP 2.0 refinance with unlimited loan-to-value and simpler guidelines has been introduced, the Director of Sales at the Courtesy Mortgage Company, Justin Sheftell, has had his hands full. Justin has been very busy helping local homeowners seeking a HARP 2.0 refinance in San Diego, as well as customers all throughout California seeking to refinance their existing underwater home loans.
Justin Sheftell has helped scores of homeowners accomplish their refinance goals and successfully complete their HARP refinances. Justin has achieved this goal primarily by using the HARP 2.0 program, which has helped many more homeowners than the first HARP program. When asked why he believed the HARP program was created Justin replied, “HARP was created specifically to help the underwater borrower refinance to current market rates. Fannie Mae or Freddie Mac already own the underlying security, and primarily they want to ensure continued performance on loans that could expose them to losses in the event of default. By allowing these loans to refinance under HARP, the homeowner benefits by reduced payment or faster payoff while the agency enjoys the continued timely collection of payments.”
The new HARP program is also taking less time to complete. When asked on average how long a new refinance takes under this program Justin replied, “When HARP 2 New Servicer Version started back in March 2012 there was a long waiting line and a backlog ensued. By now, good portions of the eligible applicants have completed their refinances and we have returned to better turnaround times. Depending on the complexity and availability of the applicant’s profile, 30-45 days for completion can be attained for most scenarios, sometimes faster for a well-organized and motivated borrower.” This is very good news for most customers seeking lower interest rates on their existing underwater home loans.
Since the new HARP 2.0 program will be expiring soon, refinance specialist Justin Sheftell has done everything he can to stay abreast of the latest details in the program and to make it easier on new customers seeking a home loan refinance in San Diego and throughout California. Justin’s refinance talents have been featured in many articles online including Bloomberg Businessweek where Justin found a refinance for a customer with a bizarre situation and very few options. Justin has been writing for numerous real estate websites including his own popular HARP 2.0 Blog where he answers everyday questions and helps homeowners navigate the refinance process.
Courtesy Mortgage Company also helps many customers refinance who have been turned down for HARP loans in the past for various reasons. After speaking to Justin over the phone many customers find that getting a second opinion pays off as Justin has been able to find a refinance program that fits many homeowners that have been denied elsewhere.
For homeowners who are amongst those millions of borrowers whose homes plunged in value and were previously denied, maybe its time to talk to Courtesy Mortgage Company and get that second opinion to lower their interest rate along with their monthly mortgage payment. In addition to HARP 2.0 refinance loans, Courtesy Mortgage Company also offers numerous types of loans such as FHA, FHA Streamline, VA and VA IRRRL also known as an Interest Rate Reduction Refinance Loan. Whatever your current financial situation might be, Courtesy Mortgage Company provides excellent advice and great service.
About: Courtesy Mortgage Company was founded in 1997 with a mission to help undeserved clients obtain the best available mortgage financing. Through integrity, expert service and efficiency, Courtesy Mortgage Company offers homeowners the ability to complete their loan transactions timely and without hassle.
Justin Sheftell has been originating loans in California for 10 years. Having seen the boom and bust of home market values he is focused on the HARP refinance program to help stabilize and improve the performance of existing mortgages one loan at a time. He contributes frequently on several real estate forums to share informational nuances to assist others who are in need. Justin graduated from Emory University with degree in Economics in 1997. A New York native, he worked first as a Financial Advisor on Wall Street before moving out to San Diego in the wake of the Sept 11th tragedy. He is glad to now have his family nearby in Southern California and enjoys the peaceful pace and demeanor he encounters working daily with local homeowners.