Are you eligible for the Refinance program?If you now have a HARP loan, you won't be eligible to refinance through these programs, because you've previously received federal mortgage relief. To be qualified, you need to also:

1.Have made 12 uninterrupted monthly mortgage payments on the loan since it became part of Fannie Mae's or Freddie Mac's portfolio.2.Not have made a late payment within the past six months.3.Not have missed more than one payment within the past 12 months.4.Maintain a provable source of income.5.Receive at least one of the following benefits from the refinance: a decrease in your monthly principal and interest payment; a drop in your current interest rate; a smaller amortization term; or a more established loan product. An example would be swapping an adjustable-rate mortgage to a fixed loan.

What are some Benefits of applying?These new loans do not:

1.Necessitate a minimum credit score.2.Require a maximum debt-to-income or loan-to-value ratio limit.3.Typically involve an appraisal.4.Constrain the amount of times you can refinance with these programs.5.Have a complex application and documentation process.

How can I get help?Contact me at 845-290-3319 with any questions and I can assist you with loan relief options.