Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

What will happen to HARP?
The Home Affordable Refinance ProgramPut into place by the Obama administration HARP (Home Affordable Refinance Program), is a federal program designed to assist homeowners in the refinancing of their home with the goal of attaining a lower interest rate. The federal government established this program with homeowners who have little equity in their homes or are upside down in their loan in mind. These homeowners typically cannot find lending elsewhere due to the depreciation of their property. If this sounds similar to your situation, it is time to consider HARP.
 
Homeowners with second mortgages and additional loans may also qualify if the program criteria is met. HARP does not require the homeowner to have mortgage insurance either, and the interest rates are typically between 6% and 8%.
 
The qualifications for this program are not as stringent as they are for similar loans.         Though HARP has had its fair share of negative publicity over the last several years, the program is a sliver of light at the end of a dimly lit hallway for many American homeowners. Currently the criteria one must meet for these loans is as follows: First and foremost, the original loan must be dated prior to ... more

__________________________________________________
Are you on The Rain? Grow Your Network!