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

San Diego, CA -- (SBWIRE) -- 07/02/2012 -- 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 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) The mortgage must not have 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 must be 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 (858) 304-1210 or visit our HARP Refinance Center and fill out our 60 Second Eligibility Form to see if you qualify for this new program.

For Answers to Your HARP Questions: http://www.wehaveyourharploan.com

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

California Refinancing Expert Kent Froblom 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.

San Diego, CA -- (SBWIRE) -- 06/06/2012 -- 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.

Kent Froblom, a San Diego, California based mortgage consultant, has released a new web site at: http://wehaveyourharploan.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 Froblom, 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."

Kent Froblom is available for interviews and will welcome all your mortgage related questions.

Call (858) 304-1210 or visit http://wehaveyourharploan.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