The revamped government program that provides refinancing options to homeowners who owe more on their mortgage than their house it worth is called HARP 2.0 and is explained by Illinois Refinancing Expert Allan Freitag.

Hoffman Estates, IL -- (SBWire) -- 03/27/2013 --In order to lower costs of mortgage installments today and get a good fixed rate plan underway for repayment, many people are turning to the Home Affordable Refinance Program (HARP or HARP 2.0), also known as the Making Home Affordable Program. Help has finally arrived for Illinois home owners whose property values have dropped over the past couple of years.

Allan Freitag, a Hoffman Estates, Illinois based mortgage consultant, has released a new web site at: http://illinois-harp-help.com designed to remove the confusion about this latest government program.

However, as new information appears on government sites, people are finding the documentation to be lengthy and somewhat confusing.

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

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

HARP Specialist Mr. Freitag, 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.”

The new resource site showcases pages of information to help Illinois 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.

Allan Freitag is available for interviews and will welcome all your mortgage related questions.

Call 847-885-2020 or visit http://illinois-harp-help.com to see if you qualify for this new program. Or you can go to our main website and fill out a loan application http://www.illinoismortgagebroker.com

Also for a limited time Presidential Preferred Funding is offering a FREE appraisal when they close your loan (appraisal will be credited at closing).