Did you know that Quest Loans specializes in Home Affordable Refinance Program (HARP) loans? And did you know that in the 3rd quarter of 2012 that nearly one-quarter of all refinances were through HARP? That's right! More than 90,000 homeowners have refinanced their current mortgages with HARP in that time period. The high amount of HARP refinances is largely because of the record low mortgage rates!
Did you know:
- Since HARP began in 2009, Fannie Mae and Freddie Mac have financed more than 1.7 million loans!
- Half of all HARP loans in September 2012 had loan-to-value (LTV) ratios greater than 105% and one-fourth had LTVs greater than 125%
- 19% of HARP refinances for underwater borrowers were for sorter-term mortgages which builds equity faster
If you are thinking about refinancing your home soon, don't hesitate! Quest Loans can help you get the process started right away! Call us at 888-883-5252
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