What's All this HARPing about?

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Real Estate Agent with Realty Group Referrals 16766
https://activerain.com/droplet/wgs

What's All this HARPing about?

We received this email from a local loan officer, Bill Rozek.

In this economy many home owners have found themselves with little or no equity left in their homes.  HARP (government acronym for Home Affordable Refinance Program) is one of the programs President Obama has asked Fannie Mae and Freddie Mac to initiate changes in to help these homeowners, and this has caused the program to be widened to help even more home owners.  Many are “underwater” as they owe more than their home is currently worth, and this has made refinancing very hard to do until now.

The new HARP programs can allow borrowers to take advantage of lower rates even if they have a current second trust and owe more than their home is worth in the current market.  One of my customers just took advantage of this program and saved $400.00 per month on his house payment on an average-sized loan.  

If you know of anyone who needs to reduce their mortgage rates, please have them call me.  There are programs for people with Fannie Mae, Freddie Mac, FHA and VA loans.  Some of these programs are available for investment properties and second homes too! 

Please give me a call at 301-325-6399 if you know of someone who could benefit from a HARP loan.

Bill Rozek, Senior Loan Officer, Embrace Home Loans, Rockville, Maryland  

Have an outstanding week and be sure to have your camera in hand to capture the special moments.

Hibiscus, Longwood Gardens Conservatory IMG_4132

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

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Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

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Rainer
535,474
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Great post Roy that every under water home owner should be familiar with. Thanks for capturing the moment with your beautiful flower picture.

Feb 27, 2012 07:37 AM #1
Rainmaker
645,497
Bill Reddington
Re/max Southern Realty - Destin, FL
Destin Florida Real Estate

Great flower as always. Lenders are requiring the HARP documents even with short sales. Getting some negative feedback from that.

Feb 27, 2012 08:24 AM #2
Rainmaker
5,347,038
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks so much for your comments.  Some of us have fond memories of the times when refinancing was such an easy chore.

Longwood Gardens Conservatory IMG_4128

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Feb 27, 2012 08:40 AM #3
Rainmaker
1,286,271
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

I think the programs like the, Harp & Harp2 will become easier overtime. 

Feb 27, 2012 08:41 AM #4
Rainmaker
820,770
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Roy, let's home this HARP program really works.  I just referred a past client to one of my loan officers to get the ball rolling.  This would be such a boon to so many in our area.  

Feb 27, 2012 10:49 AM #5
Rainmaker
3,242,119
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Photo is beautiful as always! Finally a government program that actually makes some sense! Did our people in Washington actually do something good for America?

Feb 27, 2012 08:15 PM #6
Rainer
147,592
Michael S. Bolton
Michael S. Bolton,Inc. - Zimmerman, MN
MN Appraiser

Roy~I sure hope that all of this HARPing actually does some good this time. I think this must be their third trying to make this program work.

Have an AWESOME day!

Feb 27, 2012 08:59 PM #7
Rainmaker
5,347,038
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is good to hear from you this morning.  I have been receiving a record volume of spam on ActiveRain this morning.

Have an outstanding day!

Hibiscus,Longwood Gardens Conservatory IMG_4133

Photograph by Roy Kelley using a Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Feb 27, 2012 10:17 PM #8
Rainmaker
2,519,081
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Roy - The Hibiscus in your photos seem to leap off the screen, they are so real!  It is wonderful to hear the success story of your customer saving so much money via the HARP program!

Feb 28, 2012 05:55 AM #9
Rainmaker
5,347,038
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Make is a habit to post a reblog every day. It is an easy way to pay it forward.

Feb 14, 2019 11:35 AM #14
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Rainmaker
5,347,038

Roy Kelley

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