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

Toms River, NJ -- (SBWIRE) -- 09/04/2012 -- New Jersey mortgage lender, Tom Altieri 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 New Jersey homeowners may not even know exist.

Until the release of the FHA Streamline Refinance program, New Jersey 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
- 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, Tom Altieri 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".

New Jersey 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://newjerseyfhastreamline.com.

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

Real help for struggling New Jersey homeowners is now available through the new FHA streamline refinance program.

Toms River, NJ -- (SBWIRE) -- 08/14/2012 -- New Jersey mortgage lender, Tom Altieri has finally announced the release of the FHA Streamline Refinance program which can really help struggling local homeowners since qualifying for this program is easier than ever.

Many homeowners have become weary after years of promises that real help was on the way which would make their mortgage payments more affordable and enable them to avoid falling into foreclosure. However, until now initiative after initiative seemed unable to provide real assistance to property owners with FHA home loans.

HARP 2.0 delivered relief for some homeowners, but only for those with mortgages backed by Fannie Mae or Freddie Mac.

Thankfully, a real effort has been made to assist New Jersey borrowers with FHA mortgages to reduce their monthly payments and take advantage of low interest rates.

This now means there are no appraisals being required to qualify so being underwater or upside down on their mortgage will not prevent homeowners from refinancing. The FHA has also announced that it is waiving the necessity for credit reports and income verification to enable more New Jersey homeowners to qualify. However, it is important to note that individual mortgage lenders all have their own underwriting guidelines which may mean some income verification is needed as well as a credit check but most will still be far more lenient than trying to get approved for any conventional home loan today.

What is really different about the new FHA Streamline refinance program is the reduction in mortgage insurance for those who had their loans endorsed on or before May 31st, 2009. Until now, recent rate increases had eliminated much of the savings for those attempting to refinance or meant they had to bring cash to closing. Now 'no-cost' refinancing is available and that coupled with lower mortgage insurance rates can equal thousands of dollars in savings.

When asked about the new FHA streamline program benefits Tom Altieri of New Jersey Mortgage Services said "This program finally delivers really substantial savings to underwater homeowners and anyone with an FHA loan who has not refinanced in the last six months should seriously consider this option, even if turned down before".

Those interested in finding out more about the FHA Streamline Program or would like to see if they qualify can discover more details on eligibility and receive a customized rate quote by visiting http://newjerseymortgageadvisor.com.

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

New Jersey 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.

Toms River, NJ -- (SBWIRE) -- 07/17/2012 -- 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 New Jersey homeowners don't know the program exists.

New Jersey mortgage originator, Tom Altieri educates his potential clients on the basics of this program at his Online HARP Refinance Information Center.

Altieri 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 New Jersey.

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 Altieri, the relaxed stipulations of the HARP 2.0 program have already resulted in a large amount of loan modifications. Those New Jersey 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 Tom Altieri at 800-789-9293 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://newjerseymortgageadvisor.com

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

Toms River , New Jersey Based Mortgage Lender Tom Altieri reveals mortgage secrets at a new web site that is full of free information on being successful on your New Jersey Mortgage Harp 2.0 refinance. The site is designed to give consumers all the facts so they can make an educated decision when obtaining a mortgage.

Toms River, NJ -- (SBWIRE) -- 05/31/2012 -- Local Toms River Mortgage Lender Tom Altieri reveals the truth at a new website http://www.newjerseyharpmortgage.com that is full of free information on how to get approved on the new harp 2.0 refinance program. This will help New Jersey homeowners who have seen their equity evaporate over the past several years refinance their New Jersey Mortgage into today's low rates.

Finally help for homeowners who want to refinance but owe more on their mortgages than their homes are worth. New Jersey Mortgage Services is offering refinances through HARP 2.0, a program that allows borrowers to refinance regardless of how deeply underwater they are.

New jersey homeowners were hit hardest by the housing downturn, homeowners have been waiting to refinance their New Jersey Mortgage under HARP 2.0 for months, as it is their only chance to refinance at a lower rate.

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.

Tom Altieri has put together a new website to allow consumers the ability to obtain all of the information they need to qualify and be approved under the harp 2.0 refinance.

Visit Tom here to see if you qualify for this limited time opportunity, a path to a lower New Jersey Mortgage Rate http://newjerseyharpmortgage.com

Toms River , New Jersey - based mortgage expert Tom Altieri 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.

Tom Altieri is available for interviews and will welcome all your mortgage related questions.

Call 800-789-9293 for a Free No-Obligation Consultation or visit

http://www.newjerseyharpmortgage.com

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

New Jersey Refinancing Expert Tom Altieri explains all about the revamped government program that provides refinancing options to homeowners who owe more on their mortgage than their house it worth called HARP 2.0.

Toms River, NJ -- (SBWIRE) -- 05/17/2012 -- Help has finally arrived for New Jersey 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.

Tom Altieri, a Toms River , New Jersey based mortgage consultant, has released a new web site at: http://newjerseyharpmortgage.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 New Jersey 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 Altieri, 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."

Tom Altieri is available for interviews and will welcome all your mortgage related questions.

Call 800-789-9293 or visit http://newjerseyharpmortgage.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