We offer HARP loans in New Jersey, and on some properties we can lend to an unlimited LTV? Please feel free to contact us at 800 315 8803, 7 days a week or visit us at www.bartprequalifes.com

What does that mean for the borrower? Let's say you owe $200,000 on a home that is worth $100,000. We would be able to refinance your loan to today's all time low rates and base the loan on the current value.

To be eligible for a HARP mortgage, a you must have less than 20% equity in the home. This means that the balance of your mortgage must be at least 80% of the current market value of your house, and may exceed 100% of the value of your house. In addition, you must not have been late on a mortgage payment in the last 12 months. All property types are allowed and the property can be your primary, secondary or investment property.

Finally, the loan must be owned by Fannie Mae or Freddie Mac, and have been sold to them on or before May 31, 2009. You will not be able to find this information on your mortgage statement, but you can call your current loan servicer or lender, and we are also happy to look up the current backer of your loan. Please call us at 800 315 8803 in order to determine who backs your loan.

Some highlights of a HARP Mortgage:

oThe HARP mortgage program has been extended until December 31, 2013.
oWe do not have a maximum Loan to Value (LTV) for fixed rate HARP mortgages.
oWhen an automated value can be determined on a house an appraisal would not be required.

How do I apply for a HARP loan?

First you call us ay 800 315 8803. We are available 7 days a week. You can also visit us at www.bartprequalifies.com We will then pull a credit report to determine your credit score and debts. We will also review your income, and assets to confirm your debt to income ratio. We will take a complete application and then send you the application with a list of required information that we need to process the loan. Once we received the signed application with the supporting documents we will begin underwriting your loan file.

We look forward to working on you HARP loan call us today at 800 315 8803 or visit us at www.bartprequalifies.com