Wednesday, March 21, 2012
Refinancing with the new Making Homes affordable or HARP2
“Well the new Refinance program Making Homes affordable is off and starting to take off. There will be some mind sets that need to be addressed. These loans are not for rate shoppers that want to get the same rates seen in the News Papers as your not going to get a lender to refinance at a 3.875% rate if your 150% under water. You can save however.”
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Not every refinance makes sense. If interest rates are considerably lower than your original interest rate, like 2% lower, then it can be a good option. It is best to run the numbers and find out if the potential savings indicate that refinancing is right for you.
ReplyDeleteRegards,
David from gethomeloans.co.za