HARP 2.0 and HARP 3.0 are gonna blow up Revestor’s Mortgage Rate Table and help millions of underwater homeowners refinance to today’s low interest rates.
The new proposed HARP 3.0 builds off the momentum HARP and HARP 2.0 program which was revamped last year to to help an additional couple million underwater home owners in the United States. Qualifications, such as, loan-to-value (LTV), income requirement (DTI), and appraisals are being overlooked so that home owners may refinance at today’s low interest rates.
The new HARP 3.0 program should have all the same perks without requiring your loan being owned by Fannie Mae or Freddie Mac.
A HARP Refinance can free up an average of $300-600/mo for homeowners who are underwater and are paying their mortgage ontime, flooding the economy with money.
HARP 2.0 officially rolls out March 1st, 2012 with HARP 3.0 expected to roll out later this year, well ahead of the presidential election.
Finally, a program that encourages you to stay current on your mortgage payments and rewards you for doing so!
Revestor, One of the Fastest Growing Real Estate Search Engines, Announced Today the Release of a Mortgage Rate Comparison Tool for Its Users
SAN FRANCISCO, CA–(Marketwire – Jan 26, 2012) – Revestor, a real estate search engine for home buyers and real estate investors to find homes for sale by the highest potential returns, announced the release of mortgage rates. The mortgage rate comparison ads enable consumers to better shop for the best mortgage terms by providing accurate and real-time information.
Revestor uses a patent pending algorithm to compile data to generate key real estate indicators. Home buyers and investors can easily search neighborhoods for residential properties by the highest potential returns via the web in a map and list view interface.
Revestor not only empowers buyers and investors with information for better decisions, but also helps Realtors® quickly and easily find real estate deals for their investor clients. Real estate agents are spending hours sifting and sorting through listings to find potential deals for their investor clients. Revestor does all the heavy lifting so agents can focus in on what they do best.
“Most of the users that are visiting the site are apprehensive home buyers who want to know if the home they are about to purchase can rent for the payments and if the home has potential to be a good overall investment. These users are expected to generate quality new home purchase leads for the network of lenders that participate in the mortgage rate table. We also have a lot of real estate investors visiting the site who already own multiple properties and with mortgage rates so low we expect that these users will not only generate new home purchase leads but also mortgage refinance leads,” said Bill Lyons, founder and CEO, Revestor.
Revestor is a real estate search engine for home buyers and real estate investors to find homes for sale by the highest potential returns. Revestor connects mortgage lenders, real estate agents and other real estate professionals to assist users in transactions. The site is currently live in San Diego, Phoenix and Las Vegas with plans to be nationwide by the end of the first quarter of 2012.