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.
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.
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.
HARP stands for Home Affordability Refinance Program and is offered through the U.S. Department of Treasury and Housing and Urban Development. HARP is for homeowners that are not behind on their mortgage payments and have not had luck in obtaining refinancing because the value of their home has declined.
The "Making Homes Affordable" program was established to help many Americans maintain ownership f their homes through various methods. This is my experience with the program up to the point of submitting the application.
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1 year 13 weeks ago
1 year 13 weeks ago