upside down: Big changes to Home Affordable Refinance Program (HARP)
- 10/28/11 12:12 PM
The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give "underwater homeowners" opportunity to refinance. With average, 30-year fixed rate mortgages still hovering near 4.000 percent, there are more than a million homeowners in Meridian and nationwidRee who stand to benefit from the program overhaul. To qualify for the re-released HARP program, you must meet 4 basic criteria: Your existing home loan must be guaranteed by Fannie Mae or Freddie Mac Your home must be a 1- to 4-unit property You must have (1 comments)