What is the HARP program?

By
Mortgage and Lending with HomeStreet NMLS ID#218341 BK#0909801

My phone and email are blowing up in a good way!  The question on everyone's mind is posed in many different ways - what is the HARP program, what is the HARP plan, or what is the HARP loan?  These are all great questions.

I sum it by saying that the Home Affordable Refinance Program, or HARP 2.0 is the government-sposnored, no appriasal, potentially limited document, underwater loan refinance program.  This is truly the first program that will help lots of borrowers.

It is not perfect. It is only for Fannie Mae and Freddie Mac loans purchsased prior to June 1, 2009.  You can check if your loan is eligible at www.HARP2Program.com

To answer I recorded the Home Affordable Refinance Program, or HARP 2.0, Frequently Asked Questions Webinar.  You can access it at www.HARP2LoanProgram.com. The webinar has been well reviewed - let me know your thoughts.



 

Comments (2)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you. I will bookmark this and share it with others.

Jan 21, 2012 05:19 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Todd - Thank you for sharing detailed quality information on what is the HARP program.

Jan 21, 2012 08:48 AM