Mortgage Refinance – HARP 2.0 Program – See Your Local Mortgage Broker First
The government backed Home Affordable Refinance Program or HARP 2.0 has been established to assist homeowners in taking advantage of today’s low interest rates by refinancing their primary residence even though they had little or no equity in the property. Mortgage loans that are backed by the government mortgage companies, Fannie Mae and Freddie Mac, are eligible for this program. HARP 2.0 is presently responsible for overwhelming banks and finance companies with consumer requests for refinancing. With today’s low interest rates, a number of large financial institutions have a bottleneck of homeowners waiting for approval of their new home loan.
The HARP program encourages homeowners to refinance their loans through smaller brokerage houses to avoid the loan processing bottleneck. The Diamond Mortgage Group in Niantic CT offers the HARP 2.0 refinancing program throughout Connecticut. Diamond Mortgage Group will assist homeowners to find out if they are eligible for the program and then guide them through an easier and quicker loan process.
Smaller mortgage broker companies like Diamond Mortgage have direct contact with the banks, so they always know what’s going on with your file and can focus on you, unlike at a bank where multiple people handle one file. A broker’s job entails tracking a loan during its processing. When consumers hire the services of a broker they can expect the individualized service that is needed to make this complicated process run smoothly.
Professional brokers like The Diamond Mortgage Group, have refinancing expertise and can advise their clients about current loan rates and fees. They will also let refinancers know if the new mortgage arrangement is beneficial.
- Contact Information
- Diane DeLauro
- The Diamond Mortgage Group
- (1) (860) 739-8197
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