Is it Too Late to Find HARP Loans in Davie?

After the economic downturn that was connected with the housing market crash back in 2009, the federal Home Affordable Refinance Program (HARP) was established. Through HARP, over 3.3 million Americans have refinanced their mortgages. You may have heard a lot of talk about the HARP program lately, especially concerned with whether or not the program will continue on. If you’re stuck in an underwater or unaffordable mortgage, HARP is still here to help. The program has just recently been extended through 2016. At Ace Mortgage Loan Corp., we’re here to help homeowners stay just that- homeowners. With our help, you can work towards a new mortgage through the HARP program.


To understand the usefulness of the HARP program, it’s important to understand the circumstances that can qualify an individual for this federally assisted refinancing. Most home owners are paying fixed rate mortgages across a span of about 30 years. These types of mortgages have consistent payments that are determined by a fixed interest rate that will not change unless you refinance. If your mortgage was established before 2009 through Fannie Mae or Freddie Mac, you may be stuck in the old rates from before the housing bubble burst.

The older rates of these mortgages aren’t consistent with today’s rates, which has caused many a homeowner to fall underwater on their mortgage. An underwater mortgage is a home mortgage in which the loan is at a higher balance than the home’s free-market value. This frustrating situation can leave many a homeowner stuck. If you’re underwater on your mortgage, you can’t sell your home unless you have the cash to pay the loss out of pocket. That’s where the HARP program can help. The parameters of HARP qualification have been adjusted to qualify even more homeowners for this mortgage-saving program.

The HARP program is a perfect fit for homeowners who have remained current on their mortgages, but are facing unrealistic interest rates, low equity or an underwater mortgage. If you’re facing any of these mortgage issues and your home loan is owned by Fannie Mae or Freddie Mac, our team at Ace Mortgage Loan Corp. can help. We’re one of the mortgage companies in Davie that specializes in HARP programs. We can help you determine your HARP eligibility, then assist you throughout the refinancing process. With our knowledgeable guidance, you’ll be well on your way to perfecting your mortgage in Davie. To learn about all of your refinancing opportunities, we encourage you to schedule a consultation by calling our office at (954) 777-4774.

Contact Us