Continue reading to see if you're one of millions of homeowners who qualify for this great opportunity to save...
When homeowners visit the LendingTree official website, most are shocked to find out they qualify for a plan that has major banks on edge.For those that don't know what we're talking about, the "Home Affordable Refinance Plan" (or HARP for short) has already helped over 3.2 million Americans save an average of $4,264 per year on their mortgage...and there are still millions of Americans that can cash in.
So what’s the catch? Well, the program requires a lot of federal funding, and the government can’t sustain it forever.
In fact, there is an expiration date set for the end of 2016 for applications – meaning you can’t apply for HARP after that. However if you are approved before then, you will not be impacted at all.
Spoiler: There are millions of homeowners that can save from HARP, a free government program. There is absolutely NO COST to see if you qualify.
This Program Was Created To Help The Middle Class
This program was originally created to put money back into the hands of the middle class (which helps the economy) and take it away from the big banks (who were responsible for burst of the housing bubble in the first place).
But the big banks stand to lose a lot of money, and here’s why…
(1) HARP allows homeowners to qualify for significantly lower rates
(2) It does not require you to refinance with your current lender, which means you’re free to shop multiple lenders for the lowest rate possible.
As you can imagine, the big banks are not very happy about this, and are currently doing everything they can in Congress to get rid of this program before more homeowners decide to cash in.
The good news is, once you’re in, you’re in for good, and it only takes a few minutes to see how much you could be saving.
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