Home Assistance Refinancing Program

If you currently do not qualify to refinance because you bought at the height of the market and do not have the cash to bring down your mortgage amount for you to qualify? There is a Home Assistance Refinancing Program (HARP) that may be able to help.  

It requires you to qualify with a lender but here are a few quick musts before you contact a lender;

– Are you current and have been diligently paying your mortgage payments? 

– Do you have job stability to qualify?

– Have you refinanced since June, 2009?

– Is your loan backed by Freddie or Fannie?

You need to be current and paying diligently with job stability as you would in any other refinance. You cannot have refinanced since June 2009 and your loan must be backed by Freddie or Fannie. 

To see if it is, you can check by going to:http://www.fanniemae.com/loanlookup/ or https://ww3.freddiemac.com/corporate/

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s