Pay Your Mortgage On Time? Utilize Congress’s Newly Passed “E.R.R.” Program To Cut Your Mortgage Down

This Program Expires October 2019, Time Is Running Out To Take Advantage!

Still unknown to many is a brilliant Government Program called the Enhanced Relief Refinance Program (E.R.R.) that could benefit millions of Americans and reduce their payments by as much as $3,252 per year! You could bet the banks aren’t too thrilled about losing all that profit and might secretly hope homeowners don’t find out before time runs out.

So while the banks happily wait for this program to end, the Government is making a final push and urging homeowners to take advantage. This program is currently active but could be shut down at any given time in 2019. But the good news is that once you’re in, you’re in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it’s vital you act now and see if you could qualify for E.R.R. or a better rate in today’s marketplace.

URGENT: So many homeowners could still benefit today, but sadly, many perceive E.R.R. to be too good to be true. Remember, E.R.R. is a free program and there’s absolutely NO COST to see if you qualify and this can save you $271 every month on your mortgage bills. See if you qualify now before it’s gone >>

How do I qualify?

So while the banks happily wait for this program to end, the Government is making a final push and urging homeowners to take advantage. This program is currently active but could be shut down at any given time in 2019. But the good news is that once you’re in, you’re in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it’s vital you act now and see if you could qualify for E.R.R. or a better rate in today’s marketplace.

Step 1: Click your state on the map to instantly check your eligibility for free.

Step 2: View your new lower rate and save money! Click here to see your new low rate.

Select Your State:

Privacy PolicyTerms

You should know savings are averages and vary greatly from state, zip code, age and other factors when comparing rates  2019 © All Rights Reserved

(c) 2019

THIS IS AN ADVERTORIAL AND NOT AN ACTUAL NEWS ARTICLE, BLOG, OR CONSUMER PROTECTION UPDATE

Mortgage savings are based on recent rate cuts. We have provided sources to actual news articles above relating to these programs 

2019 © All Rights Reserved

FHA’s nationwide forward mortgage limit “floor” and “ceiling” for a one-unit property in Calendar Year 2019 are $314,827 and $726,525, respectively. https://www.hud.gov/program_offices/housing/sfh/lender/origination/mortgage_limits  

A shorter term mortgage enables such borrowers to pay down the amount they owe much faster than a traditional 30-year mortgage. Furthermore, interest rates on shorter term mortgages usually are less than on thirty-year mortgages. More information can be found at https://www.quickenloans.com/mortgage-options/fixed-home-loans  

Two new refinance programs replaced HARP (which expired December 31, 2018). The HARP replacement programs are called “High LTV Refinance Option” (Fannie Mae) and the “Freddie Mac Enhanced Relief Refinance” or “FMERR”. http://www.freddiemac.com/singlefamily/enhanced_relief_refi.html  

“To encourage borrowers to make the decision to rebuild equity in their homes, we are proposing that the legislation provide for the GSEs and FHA to cover the closing costs of borrowers who chose this option – a benefit averaging about $3,000 per homeowner. To be eligible, a participant in either program must agree to refinance into a loan with a no more than 20 year term with monthly payments roughly equal to those they make under their current loan. For those who agree to these terms, the lender will receive payment for all closing costs directly from the GSEs or the FHA, depending on the entity involved.”  

http://www.whitehouse.gov/the-press-office/2012/02/01/fact-sheet-president-obama-s-plan-help-responsible-homeowners-and-heal-h On a $200,000 loan, a homeowner in a 30 year fixed at 6.25% would end up paying the bank $443,316. That same homeowner, if they switched to a 15 year fixed at today’s rate of 3.58% APR would own their home for only $250,779.

Physical Address: 4859 W Slauson Ave #405, Los Angeles, CA 90056  

LMB Mortgage Services, Inc. 

Our aim is to bring consumers important information that may help them make informed decisions. We hope you find our online resource informative and helpful. This article is for demonstration purposes only and people’s results may vary. The images used above are used for dramatization purposes only. This site contains affiliate and partner links. This website and the company that owns it is not responsible for any typographical or photographic errors. All trademarks, logos, and service marks (collectively the “Trademarks”) displayed are registered and/or unregistered Trademarks of their respective owners. If you do not agree to our terms and policies, then please leave this site immediately.