By signing into my site, you can access your favorites from any computer and get e-mail updates when new listings come in that match your recent searches.
March 5th, 2012 11:20 AM by David W. Welch
Orlando, Florida HARP 2 success stories continue. HARP refinances are finding their way into the savings accounts of many Florida homeowners day after day. This is the story of Nate and Alona.
Nate and Alona just closed on their Florida HARP refinance Loan and we wanted to share how HARP and Certified Mortgage Planners kept them from spending more than necessary on their Orlando Home Loan.
Loan Before HARP:
Interest Rate: 5.50%
P+I Payment: $1447.86
New HARP Loan:
Interest Rate: 4.25%
P+I Payment: $1196.89
See my monthly savings
We advised Nate and Alona to structure their loan to have $0 closing costs. In fact,we paid their closing costs and credited an additional $1,343.78 towards creating their new escrow account for taxes and insurance.
We also structured the loan to allow Nate and Alona to:
All of this was strategic designed to get some monies back through the exercise.
More good news - we identified their property was significantly over-insured and advised Nate to have the dwelling coverage reduced, which saved over $1,000 per year.
These added strategies through consultative advice created:
Do you think their current loan servicer would have taken the time to evaluate and create such a comprehensive plan to help Nate and Alona improve their cash flow and put some significant monies to their emergency cushion fund?
Experience is showing more people can take advantage of this type of relief. Who do you know that would benefit from you forwarding this to because you care about them?
Join our CLOSED Facebook Group | Apply for HARP now.