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I am a regular columnist at HSH.com; a consumer-friendly mortgage and financial website. My most recent article is now live.
Today's article is titled "HARP 2.0 : Your 5 Steps To Approval".
It covers the new HARP program, and how to get your paperwork in order for an application.
As compared to a traditional Fannie Mae / Freddie Mac refinance, there are some extra qualification standards, including a verification of your mortgage start date.
Get aHARP Refinance rate quote.
Prepared applicants are expected to get better rates than everyone else.
An excerpt from the article :
Since lenders will be crushed with new refinance applications come next month, underwriters will prefer to deal with the "cleanest" files first. There is a distinct advantage to being first in line with an underwriter--not only can your loan close sooner, you may qualify for better loan terms.
HARP II is expected to be available beginning November 15, 2011.
Get A Mortgage Rate For Your HARP Refinance
Mortgage rates for the HARP II Refinance Program are expected to be comparable to those for "ordinary" conforming mortgages through Fannie Mae and Freddie Mac. You won't pay big premiums for using HARP and underwriting is expected to be smooth.
Get started with a HARP Refinance rate quote.
Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator click to get a free, no-obligation rate quote.
You can also find Dan on Twitter and Google+.
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