HARP 2.0 and FHA Streamline ‘Clogging’ the Banks
In a recent article published on NBCnews.com entitled “Banks responding too slowly to mortgage demand”, it shows why you could be waiting months, not weeks, for your FHA Streamline or HARP 2.0 refinance. Why you ask? Well, the banks are simply not staffed to handle the volume of applications they are receiving right now. Since mortgage rates began dropping to sub-zero levels, refinance applications have been on the rise and for good cause. Most people are saving hundreds of dollars a month refinancing their underwater Florida homes, most without even obtaining an appraisal!
Why would the banks not hire more people to accommodate the increase in business? Well, some have stated that they don’t want to hire more people just to fire them once business slows down. So instead of creating more jobs temporarily (with the possibility of permanence) you create none? (Yeah, this doesn’t make sense to us either!) Here at Christensen Financial, we will staff as many people as we need to continue to offer unparalleled service to our clients.
If you have been waiting for an answer from your bank on a Florida refinance for more than a few weeks, maybe it’s time for you to explore your other options. You can fill out this quick 5 minute form or give us a call, toll free at 888.648.0005. We’d be more than happy to give you an honest answer on what you should do. It may very well be to stay put and be patient, but the call will cost you nothing, and could save you thousands. Don’t delay, get peace of mind on your HARP 2.0 or FHA Streamline refinance application: