Banks Not Ready for HARP 2.0 Florida Refinance Boom

HARP 2.0 and FHA Streamline ‘Clogging’ the Banks

Is your Florida HARP 2 refinance is taking a long time?  Been denied for a HARP 2 loan?

In a recent article published on 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!

Currently have a conventional loan or have questions about the HARP 2.0 underwater refinance?

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.

Currently have an FHA loan or have questions about the FHA Streamline refinance?

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:




About the Author

Jason Gonzalez

Jason is a lifelong student of the mortgage industry that prides himself on his innovative ability to consistently find the best deals for his clients. With well over a decade of industry knowledge and experience, you can trust that he will help guide you in the right direction for your home financing needs. What separates Jason from everyone else is the fact that he cares so much about the people he helps, driving him to go above and beyond to make the dream of homeownership possible for all.

Leave a Reply