pennsylvania harp mortgage: Qualifying for a Pennyslvania HARP Mortgage - 04/15/12 04:44 AM
Qualifying for a Pennsylvania HARP Mortgage
■ only for mortgages currently owned or backed by Fannie Mae or Freddie Mac prior to June 2009■ no deliquent mortgage payments in the last 6 months and only a total of one 30 day late payment is allowed in the last 12 months■ no cash out or paying off other debts allowed with this program■ no maximum Loan to Value (LTV) for new Fixed Rate Mortgages■ 105% maximum Loan to Value (LTV) for those seeking a new Adjustable Rate Mortgage through the HARP program■ first time HARP users only, if you closed a mortgage … (0 comments)

pennsylvania harp mortgage: If you have Mortgage Insurance you CAN Refinance with the HARP program - 03/24/12 05:48 AM
 
If you have Mortgage Insurance you CAN Refinance with the HARP program
 
If you currently have mortgage insurance and would like to refinance with the HARP program make sure you contact a lender that is able to handle this request. Some potential HARP applicants have been running into roadblocks because they have been told that they cannot refinance with the HARP program if they are currently paying mortgage insurance.  This isn’t true.  As long as you meet the basic HARP eligibility requirements you can refinance with the HARP program if you have mortgage insurance.
 
How do I refinance … (0 comments)

pennsylvania harp mortgage: HARP Refinance Program in Pennsylvania : Help for Underwater Homeowners - 11/06/11 08:26 AM
The Home Affordable Refinance Program, known as HARP, has been revised and expanded to hopefully help more homeowners. 
 
How is the new HARP different from the previous HARP?
Under the new HARP refinance program, the big change is that IT DOES NOT MATTER HOW MUCH A HOME HAS DECREASED IN VALUE.  HARP has eliminated the underwater restrictions for new applicants seeking a low fixed rate mortgage.
For instance, if you have a conventional mortgage with a 200K balance and the home is valued at 100K, your calculated Loan to Value (LTV) is 200%, you could still qualify for the HARP … (1 comments)