mortgages

What you need to know about H.A.R.P. 2.0
Home Affordable Refinance Program
The wait is over for homeowners who want to refinance but owe more on their mortgages than their homes are worth. Meaning they are "underwater" or "upside down" on their mortgage.

H.A.R.P. 2.0 is a program that allows borrowers to refinance regardless of how deeply "underwater" they are. It is a revised version of the original H.A.R.P. that was released a few years ago.

Many of the obstacles borrowers faced in the earlier version of H.A.R.P were removed on the 2.0 version. The revamped 2.0 program is expected to help thousands of underwater borrowers lower their monthly house payments.

If your loan is eligible but was turned down before on the original H.A.R.P. version, we might be able to help using the updated H.A.R.P. 2.0 version.

Who is Eligible?
To qualify for a H.A.R.P. 2.0, you must meet these requirements:

  • Your conventional mortgage must have been sold to Fannie Mae or Freddie Mac before June 1, 2009. Call us to find out.
  • You must be current on the mortgage and have no late payments in the last six months. A late payment is defined as one that's more than 30 days overdue.
  • You must not have more than one late payment in the past 12 months.
  • This must be your first refinance through H.A.R.P. If you have refinanced under an earlier version of H.A.R.P., then you do not qualify at this time.

Please know that Fannie Mae or Freddie Mac are not your typical mortgage servicers that you send your monthly mortgage payments to. They are mortgage investors ("behind the scenes") that owns most conventional mortgages in America.

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