Congress Ends HARP But Freddie Mac Launches New Program - Could Reduce Mortgage Payments by as much as $3,120 each year
It has all the benefits of the greatest mortgage reduction program in US History and is easier to qualify for.
The Enhanced Relief Refinance Program Gives Homeowners One More Chance
(Washington, D.C.) - Congress has replaced HARP with a number of new programs including the Freddie Mac Enhanced Relief Refinance Program.
If you've made 12 straight mortgage payments, you could qualify. This program was created to give relief to the middle class. The program itself is totally free and doesn't add any cost to homeowner's refi's. Like most relief programs though, this one will expire, but there is still time left for hundreds of thousands of qualified homeowners to take advantage.
ERRP Is Totally Free And Doesn't Add Any Cost To Your Refi
If you owe less than $679,650 on your home you may qualify for Freddie Mac’s Enhanced Relief Refinance option. It’s hard to believe this program exists but after HARP helped more than 3.3 million U.S. households to refinance the government knew they had to step in with a replacement. This new program, or one of several other conventional refinance programs still could help hundreds of thousands – if only more homeowners would apply.
ERRP is a program with no downside. ERRP doesn't add any cost to your refi because it's a totally free program, that helps qualified homeowners get better, more affordable mortgages. The problem is many homeowners think it's too good to be true and haven't taken advantage. Homeowners who have used the program though have eliminated up to 15 years of mortgage payments, reduced their mortgage rate, or simply decided to get relief from their monthly mortgage payments.
Want To See How Much You Can Save? Here’s How You Do It:
Step 1: Select your age below and answer a few questions on the next page
Step 2: After you enter some information about your home, you will find out how much you may save by refinancing. It’s so easy and quick to put money back into your pocket!