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Personal Finance
The Government Refi Program Banks
Don't Want You To Know About
Homeowners who go to Lower My Bills official site may be surprised by the shockingly low interest rates that are still available through their network of lenders and they may be surprised by the rate they could qualify for thanks to this refinance secret.

This secret is the government program called the Home Affordable Refinance Plan (HARP). It's been around for years and is one of the least known, easiest ways to reduce your mortgage payment. This once in a lifetime program could help millions save huge. Responsible homeowners who knew about this refinance secret and took advantage have been able to reduce their payments by as much as $3,000/year.
This program expires in 2015 but homeowners who take advantage before then are able to generate savings for the whole life of their mortgage. If paying off your home in half the time, saving money on your monthly mortgage payments, or even getting some cash out would be helpful, you should take advantage of this program now.
Millions of homeowners could still save huge if they took advantage of HARP, but, these homeowners either dont know the program exists or they think there's no way it could really be as great as it seems to be. HARP is that great though. It's like a bailout for the middle class, and, this program that can help you refinance is totally free. There's absolutely no cost to be matched to our lenders to see if you qualify. See from our lenders if you qualify >>
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The Home Affordable Refinance Program was built to help homeowners who owe less than $625,000 on their homes. The President wants banks to lower your rate or cut the amount of years on your mortgage, both of which could help you save huge.

Why is it then that banks hate such a great program?

There are two main reasons. The first is that this program allows you to switch lenders. If you find your bank has been ripping your off with a really high rate, HARP can help you switch to a new lender. Secondly, banks love having you pay ridiculously high mortgage rates. If you stay at your current rate and dont refinance into today's historically low rates, banks will make way more money off you. That's why Obama is urging homeowners to refinance and take advantage of this incredible program.


Here's an example of how much you could save if you switched from a 6.25% mortgage into a 3.25% mortgage


There are hundreds of lenders out there. It's a daunting task to try and determine who is giving you the best rate. That's where services like that offered by Lower My Bills can help. You fill out one ridiculously easy form and they'll search their massive network of lenders to find the ones that are the best match for you. Most of the lenders on Lower My Bills network support HARP, so you'll probably get matched to a lender who can help you take advantage of the program. The service is completely free and filling out the form only takes about three minutes. You have nothing to lose but your high interest rate.
President''s Video; FHFA Press Release; Fannie Mae Research: Over $100,000 savings estimate is based on $82 a week over a 30 yr loan from June 2007.

Average monthly savings from http://www.freddiemac.com/finance/pdf/RefiReport2013Q3.pdf