Refinance with HARP

This may just be music to your ears if you are a home owner struggling with an underwater loan. The 2000’s introduced creative financing to the home loan marketplace, and today many home owners struggle with refinancing their high interest mortgages. Fortunately, Bay Equity Home Loans can help eligible homeowners refinance into a low fixed rate mortgage. Determining eligibility takes just a few minutes, but the result can be life changing. Not every loan is eligible to so contact a Bay Equity Loan Officer to see if you can qualify.

What are the benefits of a refinancing with HARP?

  • Fixed rate terms
  • Qualification with credit scores as low as 620
  • Many properties qualify for an appraisal waiver
  • Unlimited loan to value even when subordinating 2nd loans and home equity lines of credit
  • Owner-occupied second homes and investment properties are eligible
  • Put yourself in a better mortgage situation, regardless of your home’s value
  • Pay both principal and interest

This program is intended for Home Owners with negative equity whose loans are owned by Fannie Mae or Freddie Mac. The loan must have been closed and sold to the investor prior to June 1, 2009. Bay Equity Home Loans is a mortgage lender specifically approved by Fannie Mae and Freddie Mac to offer this program to eligible home owners.

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