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Alpine, is Your Mortgage Upside Down? Looking or Mortgage Solutions?

By
Real Estate Agent with eXp Realty / 619.316.7445 CABre 01827266
619.316.7445 Rachell Lara Alpine Real Estate Consultant and Neighborhood Specialist http://www.wheretobuyinsandiego.com/community/area/Alpine/

Alpine, California is Your Mortgage Upside Down?-  Underwater Mortgage Solutions

Wish you could advantage of these low interest rates and don't think you can because you are upside down on your mortgage?

If your Alpine home is "underwater" and you've been turned down for a loan modification or refinancing, there's good news. You may qualify for refinancing under the new, enhanced Program: HARP 2.0.
  • Eligible to refinance, regardless of whether you have a previous HARP refinance. †
  • Streamlined appraisal process.
  • Eliminates or reduces some refinancing fees.
  • Refinance to a lower rate, even if you owe more than what your home is worth.
Interest on the credit extension greater than the fair market value is not tax deductible for Federal Income tax purposes. Consult a tax adviser for further information regarding the destructibility of interest and charges.

† May refinance under HARP again if you refinanced through HARP between March and May 2009.

Joe Feinhandler, Executive Mortgage Planner at Best Equity shared with me how he was recently able to save one of his clients $750/month when he refinanced her underwater mortgage through the HARP program. What could you use that money for? Bolster your saving, pay for college, a car? $750 savings per month is substantial.

To qualify for HARP 2.0:
  1. Your mortgage must be backed by FannieMae or Freddie Mac.
  2. You may have no more than one skipped payment in the last 12 months (no skipped payments in the last 6 months). 
To find out if HARP could put more money in your pocket by refinancing your upside down mortgage contact Joe Feinhandler at 619-285-2921 or Joseph.Feinhandler@fpfmail.com. Joe will be able to tell you if your mortgage is backed by FannieMae or Freddie Mac or if it may qualify for another program. Let him know that you saw the information on Rachell's blog, and you'll get excellent treatment. Actually you will get excellent service anyway since great service is important to Joe.  You will never know if you can save money on your monthly mortgage payment unless you call.
 
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Rachell Lara
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About the
Author
Rachell Lara is a mother of three and San Diego Native. She is living her passion helping others improve their lives by investing in their daily life and future with San Diego Real Estate. She enjoys making the world a better a better place through service, appreciation, love and of course humor.
 
 
 

Comments (1)

Ginger Harper
Coldwell Banker Sea Coast Advantage~ Ginger Harper Real Estate Team - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

So Many of our owners are in this position right now.  We just have to grin and bear it until it gets better...and it will.

Jan 14, 2013 05:36 AM