American Pacific Mortgage Corporation, NMLS CO#1850, BR#902346

Idaho Refinancing Expert Explains New Home Affordable Refinance Program

Idaho Refinancing Expert Wilfried Leammon & Jennie Woodall explains all about the revamped government program that provides refinancing options to homeowners who owe more on their mortgage than their house it worth called HARP 2.0.


Meridian, ID -- (SBWIRE) -- 08/23/2012 -- Created in 2009 as part of that year's economic stimulus program, the Home Affordable Refinance Program (HARP) is a government-backed program for homeowners whose homes have dropped in value since 2009.

HARP "looks the other way" with respect to a home's loan-to-value, giving underwater homeowners access to "prime" mortgage rates for which they would otherwise be ineligible, or for which they would be required to pay a steep mortgage insurance premium.

HARP allows for unlimited loan-to-value and, more than 3 years after launching, the program is finally building its momentum. Through the first six months of 2012, more than 422,000 U.S. homeowners used HARP.

The pace at which HARP loans are closing is quickening, too.

March 2009 - June 2012 : 37,046 HARP loan completions per month, on average
January - June 2012 : 70,495 HARP loan completions per month, on average
June 2012 : 125,865 HARP loan completions
HARP was designed to reach 7 million U.S. households. At its current growth pace, the Home Affordable Refinance Program may meet that goal in Q2 2013.

Want To Use HARP? See Today's Mortgage Rates.

The Home Affordable Refinance Program program is inclusionary; it aims to approve everyone who applies. By design, lending standards are loose so banks are eager to underwrite and approve as many HARP loans as possible.

If your home has lost equity and you want to use the Home Affordable Refinance Program, get started with a rate quote. HARP won't expire until December 31, 2013 but mortgage rates won't likely stay low until then.

Wilfried Leammon & Jennie Woodall, a Meridian, Idaho based mortgage consultant, has released a new web site at: designed to remove the confusion about this latest government program.

This new HARP 2.0 resource site shares details about the basics of this mortgage lending solution and answers questions like:

- What are HARP loans all about, in a nutshell – in layman’s terms? 
- What are the benefits of HARP loans? 
- What kind of mortgage loans can HARP funds be used for?
- Do I qualify for the HARP program?
- What documents do I need to bring to the lender when I apply?
- And much more…

The new resource site showcases pages of information to help Idaho borrowers realize that HARP loans are an ideal way for families with homes that have dropped in value to rebuild their investment, creating equity faster under a new structure.

HARP Specialist & Jennie Woodall, says “readily available and with low interest rates, these HARP loans are an exciting way for people to enjoy double savings with lower monthly mortgage installment loan payments and increased equity over the long term restructuring.”

Wilfried Leammon & Jennie Woodall is available for interviews and will welcome all your mortgage related questions.
Call 208.573.6364 or visit to see if you qualify for this new program.