New Jersey homeowners born before 1985 may be getting a big pay day.
The greatest mortgage reduction program in US History is set to expire in 2018, but the banks have been keeping this a secret!
When homeowners visit the HARP approval Website, they may be surprised to find out they qualify for a plan that offers them shockingly low interest rates and reduced mortgage payments
Still unknown to many, this brilliant government program called the Home Affordable Refinance Plan (HARP) could benefit millions of Americans and reduce their monthly payments by as much as $4,264 each year
Homeowners have even used HARP to eliminate up to 15 years of mortgage payments! You could bet the banks aren’t too thrilled about losing all that profit and might secretly hope homeowners don’t find out before time runs out.
So while the banks happily wait for this program to end, the government is doing absolutely nothing to extend the program and cut mortgage payments. The program is set to expire in 2018, but the good news though is that once you’re in, you’re in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it’s vital you act now.