New Harp Mortgage Program Guidelines [discussion]

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This topic contains 892 replies, has 2 voices, and was last updated by  P. Chun 4 years, 6 months ago.

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  • November 14, 2011 at 6:28 pm #2354

    Chris

    Can homeowners whose mortgages are financed with credit unions participate in the NEW HARP program?

    November 15, 2011 at 6:01 am #2355

    Salvador

    will i be able refinance my rental property that is upside down?

    November 15, 2011 at 9:11 am #2356

    Leonard

    How do I know whether I have a Fannie Mae or Freddie Mac loan in order to qualify for HARP?

    November 15, 2011 at 10:18 am #2357

    Pam

    I ALSO WOULD LIKE TO KNOW WHEN THIS WILL GO INTO EFFECT!

    November 15, 2011 at 12:31 pm #2358

    Mitch

    I have heard that the guidelines are supposed to be released today, Nov 15. I would like to know where on the web, can they be viewed.

    November 15, 2011 at 1:10 pm #2359

    Cameron

    Are the new HARP guidelines available to borrowers as of today, November 15th?

    November 15, 2011 at 1:33 pm #2360

    Eric

    I came here because I am looking for the same information… Nothing in the media or on this site as of yet…

    November 15, 2011 at 1:53 pm #2361

    Sjellis33

    Will this program be extended to cover loans not owned by FannieMae/FreddieMac? Our loan is owned by AmericaServicingCompany.

    November 15, 2011 at 2:55 pm #2362

    Rob

    Call your mortgage company and they will tell you.

    November 15, 2011 at 3:22 pm #2363

    Program Columnist
    Moderator

    The new HARP Guidelines are supposed to alleviate LTV requirements.

    November 15, 2011 at 4:16 pm #2364

    Robert

    It is a good thing. Fannie & Freddie are already on the line for the mortgage. Allowing the borrower to refinance will improve the borrower’s cash flow and reduce the liklihood of a default. This has been possible for FHA loans forever. This is one of the first smart things I have seen done.

    November 15, 2011 at 4:50 pm #2365

    Liz Hunter

    Also would like info for applying for refinancing of loan not by fanny m/or freddie m for 1st & 2nd mortgages combined w/fixed rates asap!!

    November 15, 2011 at 9:33 pm #2366

    CS

    Under the current HARP program you can refinance an investment property. It’s not limited to owner occupied.

    November 15, 2011 at 9:34 pm #2367

    CS

    NO

    November 15, 2011 at 9:36 pm #2368

    CS

    No, the HARP program only allows for the 1st mortgage to be refinanced the 2nd would have to be subordinated or paid off with other funds.

    November 16, 2011 at 8:24 am #2369

    Diane

    I understand the original HARP would only refinance 1st mortgages but the new one that is scheduled to roll out on 12/6/11 is supposed to allow refinances on first & second mortgages…

    November 16, 2011 at 8:27 am #2370

    Diane

    I understand the new guidelines came out yesterday and the program is supposed to roll out 12/6/11

    November 16, 2011 at 8:29 am #2371

    Brian

    I previously refinanced under this program last year and would like to again since rates have dropped significantly. Is there a limit to the number of times a person can refi under this program?

    November 16, 2011 at 12:30 pm #2372

    Joe

    Several years ago I had my mortgage loan refinanced. The original loan was an FHA loan. Now BoA owns the loan. Can I refinance this loan through the HARP program?

    November 16, 2011 at 1:44 pm #2373

    Terry

    Hello I have never been late on my mortgage or personal debt. I did have a business loan that I dfaulted on when the economy turned. It was guaranteed by me and impacted my credit score. My wife has a 790 score and as I said all our personal debt have always been paid on time. Will I qualify?

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