Personal Finance Buzz

The Obama administration has announced changes to HARP program eligibility rules to allow more borrowers to become eligible to refinance.

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.

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.

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.

Many people don't realize it, but even if your home is underwater, you may be able to refinance under the Home Affordable Refinance Program (HARP).

one homeowner's experience with the HARP program.

President Obama is amending the Home Affordable Refinance Program so those who are under water can refinance their homes. Is this new bail out really necessary?