HARP - You Knew it Had to Happen

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Mortgage and Lending with HomeTown Lenders

HARP - You Knew it Had to Happen

 Lies about the HARP program

According to Better Business Bureau spokesperson Katherine Hutt, referring to the HARP program, “Whenever there is a new or updated government program that may be a bit confusing, scammers come out of the woodwork to take advantage of that confusion. There are already hundreds of websites claiming to be able to help homeowners through the HARP process, but many of them are rip-offs and scams.”

The BBB recommends those thinking of applying for a HARP refinance to follow the following guidelines:

   Don’t make payments to anyone other than your current lender
   Don’t pay upfront fees to anyone who promises counseling or help with the

   paperwork
   Don’t sign over your deed to anyone
   Be careful of “look alike” web sites
   Report scams to the Better Business Bureau at
www.bbb.org/us/scam-source


Find out if you qualify here: for Fannie Mae go tohttp://fanniemae.com/loanlookup/ 

If you don’t find it there go to
https://ww3.freddiemac.com/corporate/ 

If you can’t find it here either, then your loan is not backed by Fannie or Freddie and is not eligible.

HARP – You Knew it Had to Happen




 

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