TAKE CONTROL OF YOUR MORTGAGE PAYMENTS WITH A HARP LOAN.

Your mortgage payments may have been a perfect amount when you bought your home a few years ago, but things change and sometimes it’s necessary to refinance to get a small break. That’s not always easy to do if you’re underwater on your loan though, as traditional refinancing requires some type of equity in your home.

The Home Affordable Refinance Program (HARP) allows you to get a new, more affordable mortgage – even if you’re underwater. Now in its second stage, HARP Phase II makes it possible for even more homeowners with Fannie Mae- or Freddie Mac-owned mortgages to refinance at historically low interest rates.

Embrace will help you manage your mortgage.

At Embrace Home Loans, we offer all types of mortgage products – and that includes HARP loans. We know how important your home is to you, and your loan officer will do everything possible to help you secure a mortgage payment that is more affordable. You’ll work with the same mortgage specialist from start to finish, and he or she will try to answer every question you have about the HARP loan process.

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IS A HARP LOAN RIGHT FOR YOU?

You may be eligible for a HARP loan – but are the benefits worth it? You may want to consider refinancing with a HARP loan if you’d like to:

• Have a lower monthly mortgage payment

• Reduce your interest rate

• Obtain a fixed-rate mortgage, which means it won’t change over time

• Lower refinance closing costs; a new property appraisal is not necessary when a reliable Automated Valuation Model (AVM) is available

• Take advantage of shorter terms to build equity faster

Though there were initially loan-to-value limits set for HARP loans, they’re gone now. Eligible borrowers are able to refinance, no matter how far their homes have fallen in value.

Currently, HARP is scheduled to expire on December 31, 2018.
Though the program has been extended several times over the years, it’s best not to wait if you’re thinking about refinancing with a HARP loan. Call 800-620-6292 to speak with an Embrace mortgage specialist and we’ll walk you through the process.

Watch our (super short) Approved to Move™ video.