Las Vegas, NV (PRWEB) June 06, 2012

HarpMortgageLender.com is a rapidly growing website focused on the Obama Administrations Home Affordability Refinance Program (HARP) to help underwater homeowners lower their mortgage payment and interest rate.

Homeowners that have negative equity and higher than average interest rates have proven to be more likely to default. In an effort to stabilize U.S. home prices and decrease foreclosures, HARP 2.0 is designed to help borrowers that are upside down on their mortgage refinance into a traditional loan at a lower interest rate.

Recent changes to the HARP Program removed the maximum percentage amount that a property can have an underwater mortgage. Prior to December 1, 2011, the maximum amount that a property could be underwater was 125% of the loan balance.

This means that if a property is valued at $ 100,000, the maximum that the mortgage being refinanced would be $ 125,000 or 125% of $ 100,000. This would also be referred to as 125% LTV or loan-to-value.

HarpMortgageLender.com is a comprehensive online resource for underwater homeowners who are looking for non-biased information about their options to stay and refinance or consider a short sale.

The company is led by industry leader Raymond Bartreau, and the website was created to inform and match homeowners with approved HARP lenders. The genius behind the website is that homeowners can go and learn more about the HARP the loan program, its requirements, and whether it seems like a good fit or not before having to speak to a mortgage professional.

This additional protection from the pressure of having a loan facilitator presenting the information should really help encourage homeowners to start exploring some of the new government loans created to help borrowers reclaim their financial stability after the housing crash.

The HARP website has been around just long enough to start generating some serious recognition and traffic. The extensive archives of the site expand past 2500 pages and answer virtually any question a visiting borrower or homeowner could ask.

Whats the catch?

Well, the catch is that you have to go to the website, jokes a visiting homeowner.

The information can help you figure out if youre in a position to refinance out of your existing mortgage and into one of the new mortgage programs but you actually have to take the time to do some reading.

Many visitors have said to like the informative approach better than speaking directly to a mortgage professional. Without the added pressure of feeling like youre being sold or pushed into a loan program, you can take your time to read about and understand the various options.

If you do have questions, you know that there are lines of professionals waiting to help you out in hopes of earning your business, so its really a win/win.

If you know of someone interested in either leaning more about HARP mortgage loans or even perhaps a company trying to find ways to help homeowners learn more about the HARP mortgage loans, recommend them to HarpMortgageLender.com or have them call 800-811-1402 for more information.

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