HARP FAQ (click on question)
US Government HARP Underwater Mortgage - No Equity Home Refinance
The Home Affordable Refinance Program (HARP) gives homeowners who owe
more than their home is worth* an opportunity to refinance. Today's typical
HARP homeowner saves 27 percent per month.
March 28, 2013
The Home Affordable Refinance Program, also known as HARP, is
federal program, set up by the
Federal Housing Finance Agency in March 2009 to help
mortgages. Unlike the
Home Affordable Modification Program (HAMP), which aims to assist
homeowners who are in danger of
foreclosure, this program targets homeowners who are current on their
monthly mortgage payments but are unable to refinance due to dropping home
prices in the wake of the
U.S. housing market correction.
May 3, 2013
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The Benefits Of Harp 2.0 : No Appraisal Needed And 35% Monthly Savings
May 11, 2013
The government’s Home Affordable Refinance Program (HARP) has been expanded to help more homeowners qualify for refinancing their mortgage. Even those with little or no equity available may take advantage of low interest rates, and other refinancing benefits.Some of the great features of this type of refinance transaction are:
HARP Press Release
05/13 HARP HOME AFFORDABLE REFINANCE PROGRAM EXTENDED
The U.S. Treasury and Department of Housing and Urban Development recently said that President Obama’s Making Home Affordable Program would be extended until December 31, 2015, to align with extended deadlines for federal housing programs and initiatives.
The two US mortgage finance groups have been told by their regulator, the Federal Housing Finance Agency (FHFA), to release data on the home loans they guarantee in an effort to encourage private investors to assume more of the risk in the mortgage market.
02/13 HARP REFINANCE PROGRAM SOUNDS HOPE
Almost 14 million homeowners owe more on their home than it is worth. That staggering figure equates to more than one-fourth of all American homeowners who have a mortgage on their residence. Many American homeowners who were underwater on their mortgage, which means owing more on the home than it is worth, have been helped by
HARP, an acronym for the federal
Home Affordable Refinance Program