Banks "Outraged" by Brilliant Home Payoff Method

You've heard it from your friends, your bank, your broker: "Your mortgage rate is super low already." In reality, you are probably wasting a lot of money. Money that is going to make your bank's CEO even richer than they are already. It's time to stop that and there's a simple trick for that.

Millions of Americans are eligible, but most don't know the brilliant government program called the Home Affordable Refinance Plan (HARP). By refinancing your home at lower interest rates, you could easily lower your payments by as much as $4,264 each year.

You can bet that 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 is urging homeowners to take advantage now.

The program is going to expire in 2016, but the good news though 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 is critical to act right now.

American homeowners had to deal with a lot of challenges over the past few years and banks were happily taking advantage of them. Here's your chance to change that and take control again.

If your mortgage is less than $625,000, your chances of qualifying for HARP could be high. The Government wants the banks to cut your rates, which puts more money in your pocket, ultimately boosting the economy and not just the banks' profits.

Here's why banks are so afraid of this program and why consumers will ultimately win:

• The free program makes it easier to qualify for lower mortgage rates
• You have the option to shop lenders other than your current mortgage provider.

You think banks like the above? Well you guessed it, they certainly don't. They'd rather make more money by keeping you at the higher rate they locked you in years ago. The middle class seems to miss out on everything, and jumping on this benefit is a no-brainer. Here's why we love this program so much:

1. Nothing to lose: Simply answer a few questions on your current mortgage terms. Nothing else required
2. The average monthly savings can be $300 or more. That comes out to at least $3,000 per year.
3. On top of the savings, many homeowners could pay off their mortgage faster and be debt free.
4. Option to take cash out for home improvements, pay off other debt, or pay off children's education.

With hundreds of mortgage lenders and brokers available, it can take consumers hours to simply contact each one separately and request a quote. The good news is that there are services that could help you save time and money by comparing multiple lenders at once. One free service that has one of the best lender networks out there is Low Rates Shop. What's even better is that they work with HARP lenders to provide consumers with the best set of mortgage options.

There's no obligation to homeowners, and Low Rates Shop offers easy and fast comparisons you could even do on your cell phone. It takes about four minutes, and the services are 100% free. You've got nothing to lose, except for your hard earned money if you skip this program.