HARP – Home Affordable Refinance Program

making-home-affordable-loanA streamline refinance option for qualified borrowers who currently have a Fannie Mae or Freddie Mac insured mortgage.

Underwater homeowners can now take advantage of today’s lower interest rates in addition to minimal documentation.

Key Features:

  • Borrow up to an unlimited percent of your homes current value, and 2nd mortgages to an unlimited percentage as well.
  • Mortgage insurance is not required. *
  • Loans may be eligible for a waiver of appraisal or an exterior-only property inspection.
  • Interest rates have been drastically reduced for this program!

No matter how under-water your home is, you may still be able to refinance your home loan and save money.

An attractive option for borrowers who:

  • Want to take advantage of current interest rates.
  • Owe more on their mortgage then their home is currently worth.
  • Want to refinance from an ARM to a Fixed Rate Mortgage.
  • Have a mortgage that was taken out before May 31st 2009.

To see if your home is insured by Fannie Mae or Freddie Mac, click on the links below and then contact us to see how much money we can save you every month.

Fannie Mae – www.fanniemae.com/loanlookup

Freddie Mac – ww3.freddiemac.com/corporate

* Mortgage insurance is not required if your current loan being refinanced does not currently have mortgage insurance.