The expanded Home affordable refinance program (HARP 2) is designed to make it easier. [Related Story: Will Obama’s Mortgage Plan Work?] Will HARP 2 Live Up to the Hype? Other lenders who have.
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The Obama refinance is one of today’s most powerful tools available to you as an underwater homeowner. But there’s a lot of confusion around the program so let’s take it from square one. What’s commonly known as the Obama refinance or Obama mortgage has an official name: the Home Affordable Refinance Program, or HARP.
(Home Affordable Modification Program, or HAMP, is the other.) Under HARP, qualified homeowners can refinance their loans into fixed-rate.
The Home Affordable refinance program (harp) may not be a good idea, depending on your financial circumstances, but here’s how to qualify if it does.
The HARP loan program is a Federal program rolled out by the Obama Administration in March of 2009. The program helps underwater and near- underwater.
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The Home Affordable Refinance Program (HARP) The HARP program is for homeowners who are current on mortgage payments but, "have had difficulty refinancing". The official site says that even for borrowers who are "underwater" on their mortgages (owing more than the home is currently worth on the housing market), if mortgage is owned by Fannie Mae or Freddie Mac, HARP could be of assistance.
What is harp program for the mortgage and is it real? YES, the home affordable refinance plan is real. It is a government refinance program (you can call it: president’s mortgage relief program; or: Obama refinance program ) The harp loan program helps homeowners who are unable to refinance due to a decline in their home’s value.
The Home Affordable Refinance Program (HARP) was an initiative put forward during the Obama administration, that offers a number of options designed to help homeowners, depending on their individual circumstances.
Obama program home refinance mortgage – Mortgagelendersincolorado – Time to Ramp Up Refinancing – In fact, this special benefit-known as protection from "put-back risk" in mortgage parlance-is the top reason why banks that are left out tend not to offer Home Affordable Refinance Program.. Learn about the Obama Refinance Program.