Have you heard the latest news from HARP? On 10/24/11, it was announced they are eliminating the 125% LTV cap. That was the one requirement which disqualified me from doing a refi under HARP. More details are to follow on 11/14/11. I am anxiously awaiting those details!
I already know that my lender is participating, that Freddie Mac owns my mortgage, that I have no late payments in the last 12 months, and that I have sufficient income. What I don't know is...will being upside down mean I will have to pay a premium rate? I only want the refi if I can snap up a nice 4% fixed rate loan. Otherwise, I will stick with what I have. I will have to wait and see.
HARP Refinance In My Future?
November 2nd, 2011 at 09:53 pm
November 24th, 2011 at 12:47 pm 1322138827
November 24th, 2011 at 04:53 pm 1322153594
You do have the option of using a different lender, but there is more paperwork (based on what I have been reading). If you haven't already done so, try Googling "Harp 2".
September 4th, 2012 at 05:49 pm 1346780986
Don't know if you're still looking into a HARP refinance but right now, refinance rates are still near record lows and it's still a good time to refinance if you qualify for this program. Please let me know if you want me to send a referral I worked with a credit union and closed within 55 days. I lowered my rate from 5.75% to 4.25%.
Thanks,