The date should also be available on the closing paperwork for your loan. To qualify for HARP, your current home mortgage must have originated on or before May 31, 2009. You also cannot participate in HARP more than once; if you have already refinanced through HARP at …
The new HARP mortgage requirements will help homeowners take advantage of today's historically low interest rates and, by spreading the opportunity to refinance, provide benefits to homeowners, housing markets, taxpayers and government enterprises alike.
Can I Get a HARP Loan? — The Motley Fool – A HARP loan can be worth it if you qualify and you owe a lot more than your home is worth. If you’re going to take advantage of it, now is the time to do so — before the program ends.
The HARP loan program was started in the heart of the mortgage meltdown in 2009. It was designed to help people who were either underwater on their mortgage or almost underwater to refinance. Under normal circumstances, it is impossible to refinance a home loan without equity in the property, and many of these home owners also suffered from bad credit, making the situation completely untenable under …
Although HARP 2.0 allows homeowners with PMI to apply through the Making Home Affordable Refinance Program, many homeowners have faced difficulty refinancing with their original lender. HARP requires the new loan to provide the same level of mortgage insurance coverage as the original loan.
Why Refinance? The HARP ® program can help! If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program ® (HARP ®).
HARP Mortgage Program The HARP mortgage program allows homeowners to refinance into low mortgage interest rates even if the property has decreased in value or is upside down. “Upside Down” simply means that you owe more on your home than it is currently worth.