underwater mortgages: Real Help for Underwater Home Owners - HARP
- 03/27/12 01:38 AM
Real Help for Underwater Home Owners - HARP
There are loan programs that really help homeowners that owe more on their homes than their home is worth. HARP is an acronym for Home Affordable Refinance Program. These loan programs allow homeowners to refinance into lower interest rates and more stable loan programs.
It is possible for a home owner owing $180,000 on their mortgage to refinance even though their home is valued at $144,000. This is 125% loan to value. And, if there is no private mortgage insurance being paid now, then there won’t be any PMI going … (1 comments)
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Real Help for Underwater Home Owners - HARP
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