From the Office of Terry Griffith with Embrace Home Loans
Can You Refinance When You Are Upside-Down?
NEW HARP REFINANCE GUIDELINES TO COME OUT IN MARCH
Some of you may or may not know that the HARP guidelines are about to improve in the middle of March. So be sure to tell everyone that you know about the new opportunity to refinance regardless of the home value! There are some basic criteria that must be met, but most importantly it must be a Fannie Mae or Freddie Mac owned loan in order to refinance thru the HARP Program. Don’t assume that your mortgage loan is not owned by these investors look it on both Fannie and Freddie Look -Up Tool.
Look Up Tool: http://www.makinghomeaffordable.gov/tools/does-fannie-or-freddie-own-your-loan/Pages/default.aspx
Don’t forget about FHA streamlines too. The guidelines for refinancing can be even better if you have an FHA loan!
Comments(0)