harp 2: HARP Refinance program. Still working for thousands of homeowners
- 10/21/13 12:08 AM
Minneapolis, MN: As many are aware, mortgage interest rates jumped up about 1% back in May 2013 from their historic lows. Those holding out for even lower rates at the time, those who thought they wouldn't qualify, or those simply not paying attention to the market lost out on a great opportunity. Since then, mortgage rates have recovered about about 1/2%. While it isn't the absolute rock bottom, it is pretty darn close, making refinancing your mortgage something attraction once again to many homeowners. HARP News / Home Affordable Refinance program | October 2013 Significant enhancements have made HARP more … (0 comments)
harp 2: HARP 3 bill introduced - Help for those without a Fannie Freddie loan
- 07/29/13 04:04 AM
Senate bill S.1375, the "Rebuilding American Homeownership Act" has been introduced by Senator Jeff Merkley, D-OR to try and expand the existing HARP (Home Affordable Refinance Program". This has been called by many as "HARP 3", and is designed to allow loans not currently owned by Fannie Mae of Freddie Mac to be refinanced through the HARP program. Under the current HARP underwater refinance program, in order to qualify, your existing mortgage loan must be owned by Fannie Mae or Freddie Mac. If passed, the bill would force Fannie Mae and Freddie Mac to refinance non-Fannie Mae or Freddie Mac loans, … (0 comments)
harp 2: HARP Refinance program extended until 2015
- 04/12/13 02:09 AM
Minneapolis, MN: The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program (HARP 2.0) by two years. The program was to expire at the end of 2013, but will NOW expire December 31, 2015. The HARP program is being extended so more underwater homeowners can benefit from refinancing to today's low mortgage interest rates. Already, some 2 million plus homeowners have successfully refinanced their homes using the HARP 2 refinance program. FHHA also announced they will be launching a nationwide campaign to inform homeowners about HARP refinances, and eligibility requirements. LEARN … (2 comments)
harp 2: Think you can't refinance - Maybe you can! Find out here
- 01/23/13 01:20 AM
HARP 3.0 ??? Help for underwater home owners St Paul, MN: Virtually, all homeowners have lost value on their homes in recent years. For many, this has created some challenges to refinancing and taking advantage of today's super low mortgage interest rates. There are a few CURRENT PROGRAMS that can help, depending on what type of mortgage loan you have today. May people have successfully used program like HARP (Home Affordable Refinance Program), the FHA Streamline Refinance, or even the VA Streamline refinance known as an IRRRL loan. Sadly, not everyone fits the criteria. Therefore Washington has been floating the idea … (0 comments)
harp 2: HARP 2 refinance program in MN and WI - Have lenders finally figured it out?
- 07/18/12 10:40 PM
HARP 2.0 refinance program details in MN and WI. St Paul, MN: The much anticipated revised HARP Refinance Program (HARP 2) has now been in effect for a few months, making it much easier for underwater home owner to refinance their mortgage into today's low mortgage rates. The two biggest guideline changes from HARP to the new HARP 2 program include the POSSIBILITY of unlimited Loan-to-Value and the POSSIBILITY to refinance even if you have Private Mortgage Insurance (PMI). This opens up financing opportunities for seriously upside home owners who have kept up with their current mortgage obligations. As with many … (0 comments)
harp 2: HARP Refinance - The first few months
- 05/02/12 02:28 AM
HARP Refinance - The first few months HARP 2.0 has been in place for awhile now, and although I have helped several people refinance their underwater loans with the HARP 2.0 loan program, it has actually been a bit disappointing. As typical with government programs, the reality of HARP 2.0 falls short of the perception. When the program was announced back in October, 2011 it sounded like everyone - no matter what their loan to value or their income would be able to refinance at today's low interest rates. When the program moved full steam ahead in March, 2012, many people have … (1 comments)
harp 2: Details of HARP 2 Refinance program in WI and MN
- 03/15/12 02:19 AM
HARP 2.0 refinance program details in MN and WI. Minneapolis, MN: The much anticipated new version of the HARP Refinance Program (HARP 2) is now in effect, making it one heck of a lot for home owner who have lost value in their homes to refinance their mortgage into today's low mortgage rates. The two biggest guideline changes to the HARP 2 program include the POSSIBILITY of unlimited Loan-to-Value and the POSSIBILITY to refinance even if you have Private Mortgage Insurance (PMI). This opens up financing opportunities for seriously upside home owners who have kept up with their current mortgage obligations. … (1 comments)
harp 2: Why you should wait until April to get a HARP 2.0 Loan
- 02/26/12 09:26 PM
Why you should wait until April to get a HARP 2.0 Loan Just a few years ago, consumers with weaker credit getting a conforming mortgage loan (one designed to be sold to Fannie Mae or Freddie Mac) got a great deal. If you barely qualified with a low 620 credit score, you got the exact same rate as someone with an excellent 800 credit score. When the mortgage markets collapsed and the housing agencies started hemorrhaging cash, they instituted new fee policies known as Loan Level Pricing Adjustments (LLPA) and Adverse Market Delivery Charges (AMDC) as a means to fix their … (2 comments)
harp 2: HARP 2 Refinance not ready just yet - Why?
- 01/17/12 01:22 AM
HARP 2 - Not ready until March 15th, 2012 Minneapolis, MN: There is a lot of consumers interested in a HARP refinance in MN and WI. The Home Affordable Refinance program allows home owners who have lost value to still refinance their homes are today's low HARP refinance rates. HARP has been available since mid 2009. HARP 2, which was announced in November 2011 removes some restrictions, and should help many more home owners refinance their home loans. Officially, the enhanced HARP 2 program started December 1. Unofficially, most lenders won't be offering it until after March 15th, 2012. Let's explore … (1 comments)
harp 2: HARP 2 guidelines released - Refinace program for underwater home owners
- 11/16/11 08:23 AM
HARP II – The Home Affordable Refinance Program has released the updated program guidelines. St Paul, MN: The HARP program, while not perfect, has been one of the few success stories in the governments attempt to help home owners. HARP has helped close to 1,000,000 homeowners refinance, and a few tweaks to the program have just been announced. No one who closely follows the mortgage industry is expecting HARP 2.0 to generate much in the way of additional refinance opportunities in the real world over the existing HARP program – but HARP IS STILL AN AWESOME PROGRAM for those who qualify. … (1 comments)
Mortgage industry news and insights from a 15+ year industry expert. Mortgage are Real Estate News You Can Use.
Joe is a Certified Minnesota Mortgage Specialist, who provides home mortgage loans not only in the Minneapolis, St Paul area, but all of Minnesota and Wisconsin.
Minneapolis, MN: As many are aware, mortgage interest rates jumped up about 1% back in May 2013 from their historic lows. Those holding out for even lower rates at the time, those who thought they wouldn't qualify, or those simply not paying attention to the market lost out on a great opportunity. 
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