If you’re seeking to refinance after October 1, 2017, you should know there are some changes coming from Freddie Mac regarding HARP. HARP, or the Home Affordable Refinance Program, is in the waning years of its existence, which is a good thing. How Freddie Mac is changing, in relation to HARP, could be a benefit… Read more »
With over 2.9 million homeowners refinancing with the Home Affordable Refinance Program (HARP), there are still many people that are not taking advantage by refinancing their homes. There is a variety of reasons in which these homeowners are choosing not to drop their home loan rates with a mortgage refinance. Many of these reasons are… Read more »
The Home Affordable Refinance Program or HARP has been utilized by many homeowners who were underwater on their mortgage. It allowed them to refinance their home regardless of the loan-to-value (LTV) ratio in most circumstances. Recently, two U.S.Senators reintroduced a bill that would extend the guidelines and reduce fees even more. The new bill was… Read more »
The Home Affordable Refinance Program (HARP), which was originally proposed by President Obama, may be expanded for the third time. The program has been in effect for a while now and it seems as if it may undergo yet another transformation to help additional homeowners refinance. Our previous blog post covered the transition to HARP… Read more »
The U.S. housing market has encountered its fair share of struggles over the past few years. Luckily it seems things are beginning to turn around and hopefully President Obama’s plan will help boost the turn around time. What exactly does the President have planned for our housing market and will it actually work? Obama and… Read more »
The Home Affordable Refinance Program (HARP) is a great opportunity for those homeowners who have found themselves in a sticky situation. Anyone who is in an “underwater” situation with their mortgage, HARP was developed to solely help those people. With extremely “relaxed” guidelines, it’s possible for the majority of homeowners to take full advantage of… Read more »
We’ve lightly discussed the Home Affordable Refinance Program (HARP) on this blog in the recent past. To freshen up your mind, HARP was instated to allow for those homeowners who are currently “underwater” to potentially refinance and get themselves into stress-free position regarding their mortgage rates. HARP is beneficial to countless homeowners but that number… Read more »
In conventional mortgage refinance, you should have substantial equity in your home, in order to become eligible for mortgage refinance, but the Home Affordable Refinance Program (HARP) has been aimed at helping the homeowners to refinance their mortgages even if their outstanding balance is more than the current market price of their home. This particular… Read more »
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