Lookup Owner of Your Home LoanThe 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 a program that could help potentially retool their lives by relieving the mass amount of stress being “underwater” brings along.  Before anyone can take advantage of the program, they must meet the standing guidelines.  Though they may be easy to meet, people should still be aware of the biggest guideline in place.  That they’re mortgage loan must be owned or guaranteed by either Fannie Mae or Freddie Mac.

How can you determine what company may own your loan though?  There’s actually a fairly simple way to search Fannie Mae and Freddie Mac databases to know if you meet the HARP guideline.  First up, we will check with the Fannie Mae databases.  First you need to head on over to their loan lookup tool, which will open in another window/tab.  From that point on, just follow the on screen information and enter the data required.  Once that is done, a message will come back either possibly confirming or denying the loan’s status on that property.  Now with Fannie Mae, they don’t guarantee the information is full proof meaning you may have to go to other measures they suggest in order to confirm the status of the loan.

The process with Freddie Mac is a bit more intensive but will lead you to a potential answer that you’re looking for.  Click on over to their loan lookup tool and again, just follow the on screen criteria.  Once you have entered all the necessary information, you’ll then know if you can qualify for the Home Affordable Refinance Program.

One last piece of criteria you need to be sure of is the sale date of your mortgage loan.  The HARP guidelines state; if your loan was sold to either Fannie Mae or Freddie Mac on, or anytime, after June 1, 2009.  You cannot take advantage of the program.

Now of course there are other guidelines for HARP so be sure to review that information.  If you would like to receive some help regarding the HARP program; either call us at 1-800-555-2098 or fill out the email form below.

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