Recently had a successful
New Jersey HARP Refinance.
The property was actually down in Somerset county, a town house that was valued at approximately $240,000 and the new loan amount was $282,900. Upside down mortgage, I would say yes or maybe an underwater mortgage!
Click here to get today’s HARP NJ Mortgage Rates.
The mortgage was owned by Fannie Mae and the owner qualified for the HARP Refinance Mortgage or in this case DU Refi Plus which is what Fannie Mae calls it.
With the New Jersey HARP Refinance we took the mortgage from an interest only adjustable mortgage to a 30 year fixed rate mortgage. The HARP Refinance also lowered the interest rate by almost 2% and saved the owner some money and locked him into a fixed rate.
The home owner was very happy he was referred to us and that we could help him with his New Jersey HARP Refinance.
The first step to finding out if you are eligible for a HARP Refinance mortgage is to determine if Fannie Mae or Freddie Mac owns it.
You can do that by visiting New Jersey HARP Refinance, Is My Loan Eligible?
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