New Upside Down Refinance Programs

Upside Down Refinance Options

Are you looking for an upside down refinance? With the introduction of the amazing HARP 2.0 – Home Affordable Refinance Program a few months ago, as well as the newly implemented  FHA Streamline Refinance changes that just took effect on Monday, June 11, 2012, homeowners are breathing a sigh of relief from the mortgage ‘beat down’ that has been taking place across the nation.  If you have stumbled across this article looking for help with refinancing your upside-down or underwater home, you’ve certainly found the right place!

Mortgage lenders have been accepting huge numbers of applications and some of you that have already taken advantage of some of these programs may be asking, “Why doesn’t everyone do this?”   Well, the answer is simple; most people think they can’t get approved so they just don’t bother applying!  This is absolutely not true!


Pass the word on, refinancing is not an option for most, it’s a necessity; now is the time! See if you qualify with this easy 2-minute loan application! 

The Bottom Line

Most people DO in fact qualify for these refinance programs.  The banks ARE lending and actually want to help you lower your monthly payments?  Why?  It’s a win-win situation.  The loans are already backed by a government entity that has a direct interest in making sure you don’t stop making payments on your home.  So, by lowering your interest rates and payments with an upside down refinance, it also lowers the possibility that you will stop making payments.  Consider it a ‘loan modification’ for everyone that did the right thing and kept making their payments on time.  Finally, there is help for those that help themselves. Homeowners rejoice!

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.