refinance help: Harp 2.0 Revised?
- 01/29/14 08:27 AM
Well not exactly.... What I mean is that as rates rise Lenders are looking for ways to keep their pipelines full with loans, so how do they achieve this? Remove the overlay. At face value the HARP Program is a great program for responsible homeowners who have been paying their mortgages on time but cannot refinance their loan in most cases because their home is “underwater” this loan would allow those homeowners to refinance their underwater homes allowing them to take advantage of the historically low rates. Sounds easy enough right well it depends on who you speak to. When the program … (4 comments)
Well not exactly.... What I mean is that as rates rise Lenders are looking for ways to keep their pipelines full with loans, so how do they achieve this? Remove the overlay. At face value the HARP Program is a great program for responsible homeowners who have been paying their mortgages on time but cannot refinance their loan in most cases because their home is “underwater” this loan would allow those homeowners to refinance their underwater homes allowing them to take advantage of the historically low rates. 
;)
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