HARP was announced many months ago as the opportunity for responsible mortgagors who are current on their payments but underwater on their values of their homes to get a break on high interest rate or adjustable mortgages. The only problem with the HARP announcement is that even though it was announced as available mortgagors (homeowners) were not able to obtain it because the software that handled the underwriting of these loans needed to be rewritten to handle the program.
Well, there are some lenders ready and finally taking HARP loan applications. So if you are current on your loan and your home is underwater or close to value, now is the time to cash in on this great opportunity while the interest rates are still low. The program runs through the end of 2012, but who knows what the rates will do in an election year.
If you need answers to any HARP questions, see my previous blog on HARP here for information on qualifying: HARP http://marymacy.com/channels/activerain/topics/mortgage_assistance