HARP 2.0 Principal Reduction Program Jeremy Lovett WJ Bradley Mortgage

HARP 2.0 Principal Reduction Program Jeremy Lovett WJ Bradley Mortgage. Day-1 Mortgage Relief Program

HARP 2.0 Principal Reduction Program Jeremy Lovett WJ Bradley Mortgage video duration 1 Minute(s) 45 Second(s), published by Jeremy Lovett on 17 01 2013 - 18:39:23.

Jeremy Lovett 480-744-6040 Jeremy@JJLovett.com http://www.JJLovett.com This week I wanted to expand on the Save Our Home AZ principal reduction HARP English: Visit our website or give us a call and find out why hundreds of satisfied customers have provided us with positive testimonials for our services
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. Join my hangout Fed 14 Noon EST Sign Up Now https://plus.google.com/events/ch7icia0jj68oih6c1gv2641iks Hundreds of homeowners facing foreclosure now have an avenue to save their homes through the government's Mortgage Relief Program.

Jeremy Lovett\r
480-744-6040\r
Jeremy@JJLovett.com\r
http://www.JJLovett.com\r
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This week I wanted to expand on the Save Our Home AZ principal reduction HARP 2.0 refinance program I mentioned in last week's video. I have spent the time to learn all of the details of this program and it appears that this could really benefit those that qualify. With programs in the past a principal reduction was never really an option and only a very few lucky individuals received such relief as part of a mortgage modification. With this new program and our bank's willingness to participate we are actually left with a viable solution that is worth looking into.\r
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Some of the general qualifications are as follows:\r
1-The property must be used as a primary residence so no second homes or investment properties will qualify for the principal reduction aspect even though they may qualify to save money under the HARP program alone.\r
2-The mortgage must be Fannie Mae or Freddie Mac owned and have been in place prior to June 1st 2009.\r
3-The current loan to value ratio must exceed 120% so you must be upside down by at least 20% to qualify for the assistance\r
4-The current loan cannot be more than 150% of the purchase price so if you purchased the home for $200k you cannot owe more than $300k to qualify for this program.\r
5-Your household gross income must be less than 150% of the Area Median Income for the county that the property is located in\r
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If you or someone you know potentially meets these five requirements then now is the time to give me a call to see about taking advantage of this program. If you qualify you can receive up to $100k in principal reduction funds that will be used to pay down your existing mortgage while we refinance the remaining balance into a low fixed rate. The goal is to get people down to a 100% loan to value ratio so that they are no longer upside down on their home. The result is clearly a lower balance but when combined with the HARP refinance it means a drastically lower payment as well. \r
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For more information on the Save Our Home AZ Principal Reduction HARP program give me a call at 480-744-6040 or e-mail me at Jeremy@JJLovett.com