California Refinancing Expert Justin Phillips explains all about the revamped government program that provides refinancing options to homeowners who owe more on their mortgage that their house it worth called HARP 2.0.

Encinitas, CA -- (ReleaseWire) -- 05/03/2012 -- Help has finally arrived for California home owners whose property values have dropped over the past couple of years. In order to lower costs of mortgage installments today and get a good fixed rate plan underway for repayment, many people are turning to the Home Affordable Refinance Program (HARP or HARP 2.0), also known as the Making Home Affordable Program.

However, as new information appears on government sites, people are finding the documentation to be lengthy and somewhat confusing.

Justin Phillips, a Encinitas, California based mortgage consultant, has released a new web site at: http://theidealmortgage.com designed to remove the confusion about this latest government program.

This new HARP 2.0 resource site shares details about the basics of this mortgage lending solution and answers questions like:

* What are HARP loans all about, in a nutshell – in layman's terms? 
* What are the benefits of HARP loans? 
* What kind of mortgage loans can HARP funds be used for?
* Do I qualify for the HARP program?
* What documents do I need to bring to the lender when I apply?
* And much more…

The new resource site showcases pages of information to help California borrowers realize that HARP loans are an ideal way for families with homes that have dropped in value to rebuild their investment, creating equity faster under a new structure.

HARP Specialist Phillips, says "readily available and with low interest rates, these HARP loans are an exciting way for people to enjoy double savings with lower monthly mortgage installment loan payments and increased equity over the long term restructuring."

Justin Phillips is available for interviews and will welcome all your mortgage related questions.
Call 1-760-297-6565 or visit http://theidealmortgage.com to see if you qualify for this new program.

For more information on this press release visit: http://www.releasewire.com/press-releases/california/mortgage-expert/release-140322.htm

Encinitas, California based Mortgage Banker Justin Phillips reveals 3 things you should watch out for when shopping for home-finance products on the Internet.

Encinitas, CA -- (ReleaseWire) -- 01/20/2012 -- Anyone who's even remotely interested in shopping for a home loan has probably paid attention to all those commercials on TV touting the ease of using any of a variety of Internet services to compare mortgage offers from the comfort of your home. You may even have tried a couple of them yourself. But Justin Phillips, a Loan Officer with SWBC Mortgage, says Encinitas, California residents need to watch out when trying to use the Internet to do the heavy lifting for them.

"Sometimes, these Internet services might work fairly well for certain people." "But the one-size-fits-all approach they offer is going to leave a lot of people with loans that aren't the best for them, or even worse, they may be shut out of the process altogether."

Justin Phillips says the problem with these services is that they never really get to know anything about your financial situation other than your credit history and income level. "So basically what winds up happening is that you're reduced to a number to them. And if they don't like whatever that number is, you're out of luck."

Here are three things you should watch out for when shopping for home-finance products on the Internet – things most online mortgage sites hope you ignore:

- Do they take the time to find out about your unique situation, or are you just a cyber-borrower in their eyes? Most of these sites simply don't have the manpower to individually work with every borrower. So a lot of times you wind up with a bad loan simply because there was no one to check if they could have gotten you a better deal.

- What do they offer people in special financial circumstances – such as the self-employed or people with damaged credit? Most of these sites don't even want to work with you unless you meet their stringent criteria.

- Do they provide advice to help when choosing between loan products? Most sites simply gather offers, throw them in your lap, and pressure you to choose between them. Unless you're a pretty experienced mortgage pro, deciding on the best offer can be difficult, if not impossible.

So, what's the solution? Use the Internet to educate yourself and then work with a real human being. You may not have thought about "old-fashioned" methods of finding the best deal, such as working with a mortgage broker. "But for anyone who values a real person sitting down with you and working through the process, there's no better option," says Phillips.

California - based mortgage expert Justin Phillips specializes in providing information to California residents that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.

Justin Phillips is available for interviews and will welcome all your mortgage related questions.

Call 1-760-297-6565 for a Free No-Obligation Consultation or visit:

http://theidealmortgage.com

For more information on this press release visit: http://www.releasewire.com/press-releases/california/mortgage-expert/release-123432.htm