The Harp Program was designed to help homeowners who currently have a Fannie Mae or Freddie Mac-owned loan and are looking to refinance but have lost some to all of their equity in their primary home, second home, or investment property.
Larkspur, CA (Vocus/PRWEB) April 02, 2011
The Federal Housing Finance Agency’s extension of the Home Affordable Refinance Program (HARP) to eligible applicants until June 30, 2012 is good news for homeowners, according to Sue Drawdy, a licensed mortgage advisor at All California Mortgage. Clients who are current on their mortgage but have been unable to afford traditional refinancing due to a decline in value of their home may be able to refinance through HARP.
“The Harp Program was designed to help homeowners who currently have a Fannie Mae or Freddie Mac-owned loan and are looking to refinance but have lost some to all of their equity in their primary home, second home, or investment property,” says Sue Drawdy.
The most important step in seeking assistance from HARP is to ensure that the mortgage on the home is owned or guaranteed by Fannie Mae or Freddie Mac. This can be accomplished by visiting their websites and using the loan lookup tool. Next, contact Sue Drawdy to inquire about the program. Research shows that homeowners who work with housing counselors are more successful and have better long-term outcomes.
HARP is designed to help clients refinance to obtain lower interest rates on their mortgage. The HARP loan is a new contract which requires a loan application and underwriting. Processing and loan refinance fees will apply.
For more information about refinancing a loan with HARP or any of Sue Drawdy’s other services, call her at (415) 378 7963 or view her on the web at http://www.allcalifornia.com/sdrawdy.
About Sue Drawdy of All California Mortgage
Sue Drawdy is a 21-year veteran of the mortgage lending industry. A licensed Real Estate Agent and a graduate of the MBA program in Finance at Golden Gate University in San Francisco with a keen focus on what’s best for the consumer, Drawdy has become a very well-respected and trusted advisor in the real estate community.
Drawdy is also an avid real estate investor with vast experience in both residential and small commercial transactions. Her knowledge on investor loans is extensive. She has extensive experience working with Tenants in Common loans for multiple units. She specializes in jumbo loans, investment property loans, FHA loans and HomePath mortgages. She serves borrowers throughout the State of California.