HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
HARP Loan Program
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
HARP Loan Program
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
HARP Loan Program
HARP Loan Program 2017-09-25T21:58:23+00:00

What Does HARP Do?

The Home Affordable Refinance Program (HARP) is designed specifically to help borrowers who may be ineligible for traditional refinancing due to a loss of home value or because they have little or no equity. Like other refinancing options, with HARP you receive a completely new mortgage with new terms, interest rates and monthly payments. The new loan completely replaces your current mortgage and may lower your payment or move you into a more stable loan product, which could help improve your monthly financial situation.

Since the downturn of the housing market, over 10 million homeowners owed more on their homes than what they are worth. Obtaining a HARP loan may not improve your equity position but it may help you obtain a monthly payment you can afford, and may result in one or more of the following:

– A reduction in your interest rate and or your monthly principal and interest mortgage payment.

– A fixed-rate mortgage in place of an adjustable-rate, interest-only, or balloon/reset mortgage.

– A reduction in the term of your mortgage (e.g., from 30 years to 15 years).

Your Options

If your loan is owned or guaranteed by Freddie Mac or Fannie Mae, there are two options available to help you make your mortgage payments more affordable:

1. Refinance your existing mortgage through your existing lender, or

2. Refinance your loan through another different participating lender.

Not every lender, including your existing lender is participating in HARP. Not only that, every lender has different eligibility requirements and charges different loan fees and interest rates.

Shopping for a HARP loan is no different than shopping for any mortgage…compare costs and fees to get the best loan.

Even if you’ve been turned down by one lender, don’t be afraid to try another. Although HARP does have a few basic requirements, lenders participating in the program have different eligibility requirements that may allow you to qualify with a different lender.

General Eligibility Requirements

You may be eligible for HARP through your existing lender or a different participating lender if you meet the following requirements:

– Your mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae

– Your mortgage must have been sold to Freddie Mac or Fannie Mae on or before May 31, 2009

– Your current loan-to-value (LTV) ratio must be greater than 80%

– Must be current on your mortgage, with no late payments in the last six months and no more than one in the past 12 months

Check your eligibility below:

See if Freddie Mac owns your loan

See if Fannie Mae owns your loan

Related Articles:

See if you are eligible for a HARP Refinance Loan

What are the advantages of a HARP Refinance Loan?

What are the requirements for a HARP Refinance Loan?

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Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS
HARP Loan Program 2017-09-25T21:58:23+00:00

What Does HARP Do?

The Home Affordable Refinance Program (HARP) is designed specifically to help borrowers who may be ineligible for traditional refinancing due to a loss of home value or because they have little or no equity. Like other refinancing options, with HARP you receive a completely new mortgage with new terms, interest rates and monthly payments. The new loan completely replaces your current mortgage and may lower your payment or move you into a more stable loan product, which could help improve your monthly financial situation.

Since the downturn of the housing market, over 10 million homeowners owed more on their homes than what they are worth. Obtaining a HARP loan may not improve your equity position but it may help you obtain a monthly payment you can afford, and may result in one or more of the following:

– A reduction in your interest rate and or your monthly principal and interest mortgage payment.

– A fixed-rate mortgage in place of an adjustable-rate, interest-only, or balloon/reset mortgage.

– A reduction in the term of your mortgage (e.g., from 30 years to 15 years).

Your Options

If your loan is owned or guaranteed by Freddie Mac or Fannie Mae, there are two options available to help you make your mortgage payments more affordable:

1. Refinance your existing mortgage through your existing lender, or

2. Refinance your loan through another different participating lender.

Not every lender, including your existing lender is participating in HARP. Not only that, every lender has different eligibility requirements and charges different loan fees and interest rates.

Shopping for a HARP loan is no different than shopping for any mortgage…compare costs and fees to get the best loan.

Even if you’ve been turned down by one lender, don’t be afraid to try another. Although HARP does have a few basic requirements, lenders participating in the program have different eligibility requirements that may allow you to qualify with a different lender.

General Eligibility Requirements

You may be eligible for HARP through your existing lender or a different participating lender if you meet the following requirements:

– Your mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae

– Your mortgage must have been sold to Freddie Mac or Fannie Mae on or before May 31, 2009

– Your current loan-to-value (LTV) ratio must be greater than 80%

– Must be current on your mortgage, with no late payments in the last six months and no more than one in the past 12 months

Check your eligibility below:

See if Freddie Mac owns your loan

See if Fannie Mae owns your loan

Related Articles:

See if you are eligible for a HARP Refinance Loan

What are the advantages of a HARP Refinance Loan?

What are the requirements for a HARP Refinance Loan?

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS
HARP Loan Program 2017-09-25T21:58:23+00:00

What Does HARP Do?

The Home Affordable Refinance Program (HARP) is designed specifically to help borrowers who may be ineligible for traditional refinancing due to a loss of home value or because they have little or no equity. Like other refinancing options, with HARP you receive a completely new mortgage with new terms, interest rates and monthly payments. The new loan completely replaces your current mortgage and may lower your payment or move you into a more stable loan product, which could help improve your monthly financial situation.

Since the downturn of the housing market, over 10 million homeowners owed more on their homes than what they are worth. Obtaining a HARP loan may not improve your equity position but it may help you obtain a monthly payment you can afford, and may result in one or more of the following:

– A reduction in your interest rate and or your monthly principal and interest mortgage payment.

– A fixed-rate mortgage in place of an adjustable-rate, interest-only, or balloon/reset mortgage.

– A reduction in the term of your mortgage (e.g., from 30 years to 15 years).

Your Options

If your loan is owned or guaranteed by Freddie Mac or Fannie Mae, there are two options available to help you make your mortgage payments more affordable:

1. Refinance your existing mortgage through your existing lender, or

2. Refinance your loan through another different participating lender.

Not every lender, including your existing lender is participating in HARP. Not only that, every lender has different eligibility requirements and charges different loan fees and interest rates.

Shopping for a HARP loan is no different than shopping for any mortgage…compare costs and fees to get the best loan.

Even if you’ve been turned down by one lender, don’t be afraid to try another. Although HARP does have a few basic requirements, lenders participating in the program have different eligibility requirements that may allow you to qualify with a different lender.

General Eligibility Requirements

You may be eligible for HARP through your existing lender or a different participating lender if you meet the following requirements:

– Your mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae

– Your mortgage must have been sold to Freddie Mac or Fannie Mae on or before May 31, 2009

– Your current loan-to-value (LTV) ratio must be greater than 80%

– Must be current on your mortgage, with no late payments in the last six months and no more than one in the past 12 months

Check your eligibility below:

See if Freddie Mac owns your loan

See if Fannie Mae owns your loan

Related Articles:

See if you are eligible for a HARP Refinance Loan

What are the advantages of a HARP Refinance Loan?

What are the requirements for a HARP Refinance Loan?

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS