Clock Ticking on Obama's Refi Plan - 
Expires 2017

HARP Gives Homeowners One Last Chance for A Mortgage Bailout

If you owe less than $300,000 on your home you probably qualify for HARP. This program was passed by Obama to help the middle class by giving them a once in a lifetime mortgage bailout. The program itself is totally free and doesn 't add any cost to homeowner' s refi' s. Like most government benefits though, this program will expire, but there is still time left for hundreds of thousands of qualified homeowners to take advantage before the programs expires in 2017. 

HARP Is Totally Free And Doesn' t Add Any Cost To Your Refi

HARP is a program with no downside. HARP doesn 't add any cost to your refi because it' s a totally free government program, that helps qualified homeowners get better, more affordable mortgages. The problem is many homeowners think it's too good to be true and haven't taken advantage. Homeowners who have used the program though have eliminated up to 15 years of mortgage payments, have cut their interest rates in half, or have simply lowered their monthly payments and saved up to $4,100/year.

How To Get A HARP Loan

To help homeowners find banks that offer HARP refinances, services such as LowerMyBills are available. LowerMyBills is a completely free service that many homeowners love because it helps them compare multiple lenders at once. It only takes about three minutes to use their easy online form, and their network of online lenders can help you calculate your new house payment and see if you qualify for HARP. It can't hurt to look. You' ll probably be shocked when you see how low your mortgage payment could be.

Why isn't everyone using this refi plan? Here' s why... 

Banks don t want homeowners to know about it because they hate what this program could do to them. HARP helps homeowners refinance at today s historically low rates and switch to 15 year fixed rate mortgages. That helps homeowners save up to $190,000, which means homeowners who use HARP could take as much as $190,000 out of banks pockets and put it back into theirs