It took longer than we had hoped, but we finally completed our refinance through the "Home Affordable Refinance Program". In the end we dropped our rate, saved on our monthly payment and reduced the amount of interest that we'll pay. You can too.
In order to encourage lenders to refinance homes, the government unveiled the Home Affordable Refinance Program (HARP) in 2009. However, some homeowners did not qualify. As a result, in an effort to make the program more accessible have been made.
President Obama introduced the Making Home Affordable program to help homeowners to keep their homes by making mortgage payments affordable. The plan affects about 7 to 9 million people, and you can use the self-assessment tools to see if you’re eligible. Learn more about Making Home Affordable today.
There have been changes recently to the Home Affordable Refinance Program. Could changes to HARP benefit you? See the changes and how they can affect your qualifying for HARP.