Struggling North Carolina & South Carolina homeowners now have access to real help through the new FHA streamline refinance program.

Charlotte, NC -- (SBWIRE) -- 11/15/2012 -- North Carolina & South Carolina mortgage lender, Barbara Frye is now offering a newly revamped FHA streamline refinance program targeted at enabling even the deepest underwater or upside down homeowners to reduce their payments and enjoy current record low mortgage rates.

The newly released FHA streamline mortgage no longer requires a home appraisal and offers incredible savings in addition to many benefits which North Carolina & South Carolina homeowners may not even know exist.

Until the release of the FHA Streamline Refinance program, North Carolina & South Carolina homeowners with FHA home loans have had limited opportunities to receive mortgage assistance.

In addition to incredibly low interest rates and massive savings over the life of your mortgage loan, streamlined refinances offer the following benefits:

- Lower Mortgage Insurance
- No appraisals required
- 'No-cost' refinancing possible
- Lower credit scores OK
- No loan balance increase to cover loan costs
- Can refinance even if 'underwater' or 'upside down'
- Minimal paperwork

The Federal Housing Administration (FHA) who insures these home loans actually allows no minimum credit score requirement and no income verification, although each individual mortgage lender may have their own underwriting guidelines requiring a minimum credit score and additional income verification.

Still, what is really unique about the new streamline program is the reduction of mortgage interest for those whose original loans were endorsed on or before May 31st, 2009. According to the FHA this equates to tremendous savings of over $3,000 at closing and over $100 a month for the average borrower compared to the previous program.

This is on top of the ongoing payment savings for a borrower, which could be thousands of dollars per year depending on the loan amount and interest rate change.

Clearly, no borrower could ask for a more simple mortgage program to qualify for and the savings could be quite significant, even for those who already thought they had pretty attractive rates.

FHA Streamline Specialist, Barbara Frye says "these FHA loans are an exciting way for people to enjoy double savings with lower monthly mortgage payments and faster equity building with the long term restructuring".

North Carolina & South Carolina property owners who currently have FHA loans can discover more information on the program and check out the 60 second eligibility form for personalized quotes and savings calculations at http://carolinamortgagetips.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

North Carolina & South Carolina homeowners who have homes with negative equity may be able to use the HARP 2.0 government program to allow them to refinance at lower interest rates.

Charlotte, NC -- (SBWIRE) -- 11/07/2012 -- More people than ever have homes "Underwater"! These are homes with mortgages with balances more than the home is worth. Homeowners in this distress are able to refinance under the HARP 2.0 program. This bodes well for homeowners looking to reduce their interest rates and lower their monthly mortgage payments.

The only problem is that still many North Carolina & South Carolina homeowners don't know the program exists.

North Carolina & South Carolina mortgage originator, Barbara Frye educates his potential clients on the basics of this program on her Online HARP Refinance Information Center.

Frye explains that the Home Affordable Refinance Program (HARP) is a streamline refinance program created to help responsible homeowers who have continued to make their mortgage payments, but may be unable to refinance over recent years due to a decline in their home market value.

In October 2011, Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) announced changes to the Home Affordable Refinance Program to make it easier for lenders to refinance mortgages in North Carolina.

With the changes announced to the HARP eligibility guidelines (now called HARP 2.0), more homeowners than ever can now refinance at lower interest rates.

According to Frye, the relaxed stipulations of the HARP 2.0 program have already resulted in a large amount of loan refinances. Those North Carolina & Soth Carolina homeowners with high LTVs (Loan-to-Value ratios) and less than perfect credit scores have been able to successfully refinance their homes.

You May Be Eligible For A HARP Refinance If:

1) Fannie Mae or Freddie Mac owned or guaranteed your home loan.

2) Your loan was sold to Fannie Mae or Freddie Mac before May 31, 2009.

3) Your mortgage has remained current for the last six months.

4) You owe more than your home is worth, or is there minimal equity in your home.

5) Your mortgage has not already been refinanced through HARP in the past, unless it happens to be a Fannie Mae loan that underwent a HARP refinance between March and May 2009.

6) You have had no more than one late payment over the past 12 months.

7) Your loan is not an FHA, USDA or Jumbo Mortgage.

Call Barbara Frye at 828-855-3625 or visit our HARP Refinance Center and submit our Quick 1 Step Eligibility Form to see if you qualify for this new program.

For Answers to Your HARP Questions: http://harprefinanceanswers.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

South Carolina Mortgage Expert Barbara Frye explains on new site the newly revamped government program that provides a special program to homeowners who owe more on their mortgage that their house it worth called HARP 2.0.

Charlotte, NC -- (SBWIRE) -- 05/09/2012 -- Relief has finally come to South Carolina 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.

Barbara Frye, a South Carolina licensed mortgage consultant, has released a new web site at: http://HarpRefinanceAnswers.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 North Carolina 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 Frye, says "The government has finally done something right for the consumer. This program can finally help home owners take advantage of lower interest rates and get back on track financially. These HARP loans are an exciting way for people to enjoy double savings with lower monthly mortgage payments and increased equity over the long term restructuring."

Barbara Frye is available for interviews and will welcome all your mortgage related questions.
Call 828-855-3625 or visit http://HarpRefinanceAnswers.com to see if you qualify for this new program.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

North Carolina Refinancing Expert Barbara Frye 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.

Charlotte, NC -- (ReleaseWire) -- 05/02/2012 -- Help has finally arrived for North Carolina 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.

Barbara Frye, a Charlotte, North Carolina based mortgage consultant, has released a new web site at: http://HarpRefinanceAnswers.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 North Carolina 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 Frye, 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."

Barbara Frye is available for interviews and will welcome all your mortgage related questions.
Call 828-855-3625 or visit http://HarpRefinanceAnswers.com to see if you qualify for this new program.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm