The Home Affordable Refinance
Program (HARP) is designed to assist homeowners in
refinancing their
mortgages – even if they owe more than the home’s current
value.
The primary expectation for Home Affordable
Refinance is that refinancing will put
responsible borrowers in a better
position by reducing their monthly principal and
interest payments, reducing
their interest rate, reducing the amortization period, or
moving them from a
more risky loan structure (such as an interest-only mortgage or a
short-term
ARM) to a more stable product (such as a fixed-rate mortgage).
To learn more about the Harp2 Program CLICK HERE
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