The Home Refinance Plan Banks Don’t Want California Homeowners Knowing
Before you pull money from your 401K, see how this brilliant refinancing program could get you the savings you need instead. If you live in California, then homeowners like yourself are rushing to FHA Rate Help’s official website, are shocked to find out they qualify for a program that has the banks beyond on edge.
There has never been a better time to refinance your home. That’s because of a little-known government program called the Home Affordable Refinance Plan® (HARP). This will allow Americans to refinance their homes at shockingly low rates and reduce their payments by an average of $3,300 a year.
But here’s the catch – like most government programs, this is likely temporary. Currently, the program is set to expire in 2016. But the good news is, once you’re in, you’re in. If the thought of a lower payment or fewer years on your mortgage sounds appealing, the time to act is right now.