Minneapolis, MN: As many are aware, mortgage interest rates jumped up about 1% back in May 2013 from their historic lows. Those holding out for even lower rates at the time, those who thought they wouldn't qualify, or those simply not paying attention to the market lost out on a great opportunity. 
Since then, mortgage rates have recovered about about 1/2%. While it isn't the absolute rock bottom, it is pretty darn close, making refinancing your mortgage something attraction once again to many homeowners.
HARP News / Home Affordable Refinance program | October 2013
Significant enhancements have made HARP more accessible for homeowners and a great opportunity to lower payments or build equity faster. If you owe as much or more on your home than its current value, you’re considered “underwater” or “upside-down” on your mortgage.
If you've been responsible, have stayed current on their mortgage payments, then a HARP refinance is for you. When you refinance through HARP, you’ll end up with a lower monthly payment, a shorter-loan term or you can even refinance an adjustable rate mortgage into a 30-year fixed rate mortgage.
You can invest those savings in other areas, such as home improvements, retirement savings or college funds. Home improvements, in particular, can be a great investment because they can increase your home’s value, even as you continue to pay down how much you owe on it.
Bonuses of HARP: Make your life simpler and less hectic by refinancing with HARP Today
- Underwater OK
- Lost Value OK
- No appraisals options
- Less paperwork
Visit this Official Minneapolis Minnesota AREA HARP Lender for more information
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