Smart homeowners are using a free government program to save as much as $3,300 a year on mortgages

Quick Version: Smart homeowners are using a free government program to save as much as $3,300 a year on mortgages. There’s absolutely NO COST to see if you qualify.

It's like a true middle-class stimulus package This is unknown to many, but the Home Affordable Program is for the middle class. If your mortgage is $625,500 or less (unless you live in a high-cost area then the loan limits may be higher), you most likely qualify. Basically, the Government wants banks to cut your rates, which puts more money in your pocket (which is good for the economy). However, the banks aren't too happy about this - here's why: 

You can shop several lenders, not just your current mortgage holder Your home's Loan-to-value (LTV) can be 80% to 125%

You think banks like the above? Rest assured, they do not. They'd rather keep you at the higher rate you financed at years ago. That's why the pressure is on time-wise. The Middle Class seems to miss out on everything (did you ride the last stock bubble? Probably not). Thus, it's almost a no-brainer to jump on this now. You need to act fast in order to refinance your house at these current low refinance rates. You can greatly benefit: 

The average monthly savings for most eligible Americans is $275. Can you use an extra $275 a month? Many homeowners not only save every month, but depending on their current rates, they can also shorten their term. Almost a million homeowners could still save money, but sadly, most of them think the HARP program is too good to be true. Remember, HARP is a free government program and there’s absolutely NO COST to see if you are eligible. This is why it's a no-brainer you will likely lower your payment, possibly shorten your term, AND can also get cash. This is how powerful that little word called "interest" is. The middle class never sees "breaks" like this. So this is your chance to get "in". This often overlooked method to lower your payment (and continue to make the higher payment by directing the excess to the principal) is a great way for you to pay off your mortgage in a shorter period of time, all the while saving more money in interest over the life of the loan. 
Home prices in Los Angeles and Orange County rose 6.1 percent in July from a year ago, according to the closely watched S&P/Case Shiller index. Real estate market growth in Southern California and the Western United States outpaced the rest of the country and lifted the nationwide home price average. The U.S. National Home Price Index, covering all nine U.S. census divisions, gained 4.7 percent from a year earlier, versus a 4.5 percent increase in June.

The 10-City Composite was virtually unchanged from last month, rising 4.5 percent year-over-year, while the 20-City Composite had higher year-over-year gains, with an increase of 5 percent.
San Francisco, Denver and Dallas reported the highest year-over-year gains among the 20 cities with price increases of 10.4 percent, 10.3 percent, and 8.7 percent, respectively. In month-to-month comparisons, Los Angeles home prices grew 0.4 percent in July from June, compared with 0.8 percent growth in June from May. The National Index posted a gain of 0.7 percent month-over-month in July, while the 10-City and 20-City composites both reported gains of 0.6 percent. “Prices of existing homes and housing overall are seeing strong growth and contributing to recent solid growth for the economy,” said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.

Blitzer said home prices have risen nationally at at least a 4 percent rate or higher since 2012, well ahead of inflation. Most of the strength has come from states west of the Mississippi, with the three cities with the largest cumulative price increases since January 2000 all in California. The cities are Los Angeles (138 percent), San Francisco (116 percent) and San Diego (115 percent). The two smallest gains since January 2000 are Detroit (3 percent) and Cleveland (10 percent).
Blitzer said the economy grew at a 3.9 percent real annual rate in the second quarter of 2015 with housing making a major contribution. Residential investment grew at annual real rates of 9 percent to 10 percent, while expenditures on furniture and household equipment also surpassed total GDP growth rates.

But how do you find these rates?

Here's the answer - there are a few free websites out there that will compare mortgage rates for consumers, and allow them to choose the best one (that’s a great thing about the internet – it allows you to do business with lending institutions all over the country). Refinance.Comparisons.org, one of the country's largest and most respected mortgage refinance comparison shopping websites, is one of the few companies with HARP lenders on its network, and is currently assisting homeowners like you to obtain further information regarding superb mortgage rates. With Refinance.Comparisons.org there’s no obligation and the service is fast & easy. It takes about five minutes, and the service is 100% free. You have nothing to lose except money stress.