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harp program: Coming Soon: Refinance Option for Underwater Homeowners - 11/07/11 03:45 PM
I am not the first to report this good news, but felt it was worth sharing.  The Obama Administration announced on October 24, 2011 details of expanding a government sponsored refinance program to help more underwater homeowners refinance to reduce their payments.
 
Many clients of mine wanted to refinance in the past, but due to the lending guidelines only clients that could prove certain equity in their property were eligible.  Under this new rule, the caps for negative equity will be lifted and the pricing add-ons will be going away.
 
Stay tuned, because the lending guidelines have NOT rolled … (7 comments)

 
Gary Rainmaker_large

Gary Miljour - Mortgage Lending for Arizona and California

Tempe, AZ

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Address: 2350 E. Germann Road Suite 34, (Corporate Office) , Chandler, AZ, 85286

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Arizona BK-0920007 California DRE-01889021 My City Lender Home Loans NMLS#161428 Gary Miljour Licensed Loan Originator NMLS#207208


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