Harp stands for home affordable refinance program. It is a government program that helps home owners refinance their current mortgage to take advantage of the low interest rates today. If you have tried to refinance and were unable to the harp program may work for you. Some of the highlights of working with this program. The first requirement is the loan has to be owned by Fannie May or Freddie Mack (which most convential loans are). Second you have to be current on your payment and have a 1 year history of payments. Your loan to value has to be over 80% as well. If your mortgage is underwater you can still qualify, it does not matter how upside down you are. They have also update requirements where you do not need a great credit score, they do not verify income or your debt to income ratios as well. The best way to see if you can qualify for a harp refinance is to talk to the bank who holds your loan.
Here is a link if you would like to know more about this progam.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Harp stands for home affordable refinance program. It is a government program that helps home owners refinance their current mortgage to take advantage of the low interest rates today. If you have tried to refinance and were unable to the harp program may work for you. Some of the highlights of working with this program. The first requirement is the loan has to be owned by Fannie May or Freddie Mack (which most convential loans are). Second you have to be current on your payment and have a 1 year history of payments. Your loan to value has to be over 80% as well. If your mortgage is underwater you can still qualify, it does not matter how upside down you are. They have also update requirements where you do not need a great credit score, they do not verify income or your debt to income ratios as well. The best way to see if you can qualify for a harp refinance is to talk to the bank who holds your loan.
Here is a link if you would like to know more about this progam.
http://www.harpprogram.com/
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125