Virginia 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.

Chesapeake, VA -- (SBWIRE) -- 05/07/2013 -- 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 Virginia homeowners don't know the program exists.

Virginia mortgage originator, Mark Allen educates his potential clients on the basics of this program at his Online HARP Refinance Information Center.

Allen 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 Virginia.

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 Allen, the relaxed stipulations of the HARP 2.0 program have already resulted in a large amount of loan modifications. Those Virginia 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 Mark Allen at 757-394-3386 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://virginiaharprefiloan.com

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

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

Chesapeake, VA -- (SBWIRE) -- 09/04/2012 -- Virginia mortgage lender, Mark Allen 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 Virginia 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 Virginia 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 Mark Allen of Sentrix Financial Services Inc 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://virginiafhastreamlinerefi.com.

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

Chesapeake, Virginia Based Mortgage Lender Mark Allen 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.

Chesapeake, VA -- (SBWIRE) -- 05/31/2012 -- Local Chesapeake Mortgage Lender Mark Allen reveals the shocking truth at a new website that is full of free reports and free mortgage calculators.

"The only way for Virginia active duty military veterans 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 Mark Allen, a mortgage originator based in Chesapeake, Virginia.

Also for those Virginia active duty military and veterans that already have a VA Mortgage and have been unable to refinance because of fallen property values,help is available throught the VA'S interest rate reduction loan or VAIRRL, That allows for refinance of the primary residence with no appraisal necessary,"this is a big advantage for Virginia active duty military and veterans who find themselves underwater on their mortgages"says Allen.

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.

Mark Allen has put together a new website to finally allow Virginia active duty & military 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://vamortgagehomeloan.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

Chesapeake, Virginia - based mortgage expert Mark Allen specializes in providing information to Virginia active duty military & veterans 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.

Mark Allen is available for interviews and will welcome all your mortgage related questions.

Call 757-394-3386 for a Free No-Obligation Consultation or visit

http://www.vamortgagehomeloan.com

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

Virginia Refinancing Expert Mark Allen 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.

Chesapeake, VA -- (SBWIRE) -- 05/24/2012 -- Help has finally arrived for Virginia 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.

Mark Allen, a Chesapeake, Virginia based mortgage consultant, has released a new web site at: http://virginiaharprefiloan.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 Virginia 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 Allen, 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."

Mark Allen is available for interviews and will welcome all your mortgage related questions.

Call 757-394-3386 or visit http://virginiaharprefiloan.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