Struggling Minnesota homeowners now have real help available through the new FHA streamline refinance program.

Maple Grove, MN -- (SBWIRE) -- 01/25/2013 -- Minnesota mortgage lender, Mitch Kruger is now offering a newly revamped FHA streamline refinance program aimed 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 superior savings in addition to many benefits which Minnesota homeowners may not even know exist.

Until the release of the FHA Streamline Refinance program, Minnesota borrowers 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 has no minimum credit score requirement and requires 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 different 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 additional 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 an easier 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, Mitch Kruger 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".

Minnesota 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://mnmortgageinfo.com.

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

Maple Grove, Minnesota based Mortgage Broker Mitch Kruger reveals mortgage refinancing secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give Minnesota residents all the facts about mortgage refinancing so they can make an educated decision when obtaining a mortgage.

Maple Grove, MN -- (SBWIRE) -- 01/21/2013 -- It seems like everyone in Minnesota is jumping on the mortgage refinancing bandwagon. Maybe you're thinking about it yourself? After all, with rates as low as they are, the promise of lowering your monthly payments, sometimes significantly, is a great attraction for many homeowners.

But before you sign on the dotted line, there are a few things you should know about the way refinancing works so you don't make a mistake that could wind up costing you big time.

"With refinancing as popular as it is right now, Minnesota residents have to be even more careful about shopping for the best loan," says Mitch Kruger, a Maple Grove, Minnesota based mortgage consultant. "Even the most attractive offer can wind up being a disaster once you realize how much the loan is really costing you."

Kruger offers these tips when considering refinancing:

- You should compare at least 3 different rate options. Often a slightly higher rate will significantly reduce your closing costs. Don't rush to refinance unless it's truly worth your while. Make sure you are working with a Mortgage Lender that will show you different options!
- Consolidating unsecured debt with a refinance loan can be a dangerous idea. You may not be in financial trouble now, but if in a few years things change, instead of simply missing a credit card payment or two, you'll now be in danger of losing your home as well.
- Your credit score counts... big time. If you've had credit problems in the past like a bankruptcy, it might make sense to wait a while for your credit score to recover before trying to refinance. Most lenders make it hard for people with less than perfect credit to get the best deals. But, again, if you choose to let an expert like a mortgage broker get involved in the process, they can often find loan options that most homeowners didn't even know existed - which can save you thousands over the long haul.

Maple Grove, Minnesota - based mortgage expert Mitch Kruger specializes in providing mortgage information to Minnesota 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.

Mitch Kruger is available for interviews and will welcome all your mortgage related questions.

Call 763-234-7216 for a Free No-Obligation Consultation or visit http://mnmortgageinfo.com

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

Real help available through the new FHA streamline refinance program for struggling Minnesota homeowners.

Maple Grove, MN -- (SBWIRE) -- 01/08/2013 -- A newly revamped FHA streamline refinance program offered by Minnesota mortgage lender, Mitch Kruger aimed at enabling even the deepest underwater or upside down homeowners to enjoy current record low mortgage rates and reduce their payments.

Until the release of the FHA Streamline Refinance program, Minnesota borrowers with FHA home loans have had limited opportunities to receive mortgage assistance.

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

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

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

Still, what is really different 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 additional savings of over $3,000 at closing and over $100 a month for the average borrower compared to the previous program.

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

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

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.

FHA Streamline Specialist, Mitch Kruger 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".

Minnesota 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://mnmortgageinfo.com.

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

Maple Grove, Minnesota Based Mortgage Lender Mitch Kruger reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give consumers all the facts so they can make an educated decision when obtaining a mortgage.

Maple Grove, MN -- (SBWIRE) -- 09/11/2012 -- Local Maple Grove Mortgage Lender Mitch Kruger reveals the shocking truth at a new website that is full of free reports and free mortgage calculators.

"The only way for consumers to make an educated decision is to have all of the facts. Let's face it most consumers are simply uneducated when it comes to obtaining the best mortgage product to fit their financial needs and goals." says Mitch Kruger, a mortgage originator based in Maple Grove, Minnesota.

For most consumers a mortgage is the single largest financial transaction they will make during their lifetime. In fact, most mortgage payments account for approximately 32% of consumer's monthly income.

Mitch Kruger has put together a new website to finally allow consumers the ability to obtain all of the information they need to make an informed decision.

Here is a listing of some of the Insider Tips available at http://mnmortgageinfo.com

- Little Known Secrets That Will Show You How To Improve Your Credit Score

- Important Terms You Must Know BEFORE Obtaining A Mortgage

- Tested and Proven Strategies For Building A Better Credit Record Faster and Easier

- The Top Mortgage Questions Borrowers Must Ask Before Applying For A Mortgage

- How To Finally Stop Renting And Own A Home Of Your Own

- How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit

- 7 Things You Should NOT Do When Applying For A Home Loan

- 12 Secrets To Lowering Your Homeowners Insurance Cost Your Agent Doesn't Want You To Know

Maple Grove, Minnesota - based mortgage expert Mitch Kruger specializes in providing information to consumers 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.

Mitch Kruger is available for interviews and will welcome all your mortgage related questions.

Call 763-315-6248 for a Free No-Obligation Consultation or visit http://www.mnmortgageinfo.com

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

Updated HARP 2.0 government program provides refinancing options to Minnesota homeowners who are living under negative equity by allowing them to refinance at lower interest rates.

Maple Grove, MN -- (SBWIRE) -- 09/04/2012 -- In October 2011, Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) announced modifications to the Home Affordable Refinance Program to make it easier for lenders to refinance mortgages in Minnesota that are HARP Eligible.

The Home Affordable Refinance Program is a financial aid program announced by the US federal government in 2009 to help millions of homeowners who are either near-underwater or underwater (means you have zero - or even negative - equity in your home) to refinance into a fixed loan with lower monthly payments.

With the changes announced to the HARP eligibility guidelines (now called HARP 2.0), more and more homeowners are now eligible to refinance at lower interest rates.

The elimination of the 125% loan-to-value for fixed rate Freddie Mac or Fannie Mae mortgages and the exclusion of appraisals for new properties where there is already a reliable Automated Valuation Model or AVM are two such major changes that help make more people eligible.

The goal of the newly modified HARP 2.0 Program is to help stabilize the real estate market and encourage more people to buy homes on loans.

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 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.

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

5) You have been current on your mortgage for the last six months.

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

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

Call Mitch Kruger at 763-315-6248 or visit our HARP Refinance Center and fill out our Quick 1 Step Eligibility Form to see if you qualify for this new program.

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

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

Minnesota homeowners who are living under negative equity may be able to use the HARP 2.0 government program to allow them to refinance at lower interest rates.

Maple Grove, MN -- (SBWIRE) -- 08/22/2012 -- More people than ever with homes in 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 Minnesota homeowners don't know the program exists.

Minnesota mortgage originator, Mitch Kruger educates his potential clients on the basics of this program at his Online HARP Refinance Information Center.

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

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

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

According to Kruger, the relaxed stipulations of the HARP 2.0 program have already resulted in a large amount of loan modifications. Those Minnesota 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 is 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 no more than one late payment over the past 12 months.

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

Call Mitch Kruger at 763-315-6248 or visit our HARP Refinance Center and fill out our Quick 1 Step Eligibility Form to see if you qualify for this new program.

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

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

Minnesota Refinancing Expert Mitch Kruger 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.

Maple Grove, MN -- (SBWIRE) -- 05/15/2012 -- Help has finally arrived for Minnesota 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.

Mitch Kruger, a Maple Grove, Minnesota based mortgage consultant, has released a new web site at: http://mnharp.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 Minnesota 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 Kruger, 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."

Mitch Kruger is available for interviews and will welcome all your mortgage related questions.

Call 763-315-6248 or visit http://mnharp.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

Minnesota Based Mortgage Lender Mitch Kruger reveals mortgage secrets at a new web site that is full of free reports, a home buying guide and free mortgage calculators. The site is designed to give consumers all the facts so they can make an educated decision when obtaining a mortgage.

Maple Grove, MN -- (SBWIRE) -- 05/09/2012 -- Minnesota based Mortgage Expert finally reveals the secrets at a brand new website

http://www.mnmortgageinfo.com

This site is loaded with FREE REPORTS, an informative home buying guide, mortgage calculators consumers can use to run various loan scenarios and home buying resources you can use to save time and money before and after you purchase your home.

If you're planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking to refinance in Minnesota or the surrounding areas, you will find that this site is a complete resource full of insider secrets that will allow you to choose the loan program best suited to your financial needs.

Here is just a small sample of the secrets revealed on this site...

*Little Known Secrets That Will Show You How To Improve Your Credit Score

*Important Terms You Must Know BEFORE Obtaining A Mortgage

*Tested and Proven Strategies For Building A Better Credit Record Faster and Easier

*The Top Mortgage Questions Borrowers Must Ask Before Applying For A Mortgage

*How To Finally Stop Renting And Own A Home Of Your Own

*How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit

*7 Things You Should NOT Do When Applying For A Home Loan

*12 Secrets To Lowering Your Homeowners Insurance Cost Your Agent Doesn't Want You To Know

Maple Grove, Minnesota - based mortgage expert Mitch Kruger specializes in providing information to consumers 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.

Mitch Kruger is available for interviews and will welcome all your mortgage related questions.

Call 763-315-6248 for a Free No-Obligation Consultation or visit

http://www.mnmortgageinfo.com

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