The new and improved HARP program is truly a huge benefit to homeowners. When the program was first announced there was valid concern from the industry that the guidelines would be to restrictive and the people the program was designed to help the most would not qualify. After a month of taking to homeowners and running the new program, I am very happy to advise that the government got this one right! My team at RMS is qualifying more loans then I ever expected with home values way underwater to the mortgage on the property. We are giving approvals with loan to values exceeding 190%, with subordinations of second mortgages, without the need of an appraisal, saving customers hundreds of dollars each month by lowering their interest. I am surprised every day how flexible the program is being with approvals. These savings are allowing customers to pay off revolving debt earlier, save for education or retirement or just improve their financial situation. It's been truly a blessing to hear the hope that this program has bestowed on otherwise helpless and abandoned homeowners.
Please contact me at david.labbe@rmsmortgage.com or 508-717-6108
David
