harp 2.0 mortgage refinance loan program
Post on 16-Jul-2015
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HARP 2.0 Mortgage Refinance Loan Program
HARP 2.0 – Announced by Obama Government Specially for Underwater homeowners to making their
refinancing process smoother and faster, check your eligibility for home affordable refinance program 2.0 by
filling small, free and easy form
Determine Eligibility Today Fill Out Online Application Get Approved in Seconds
Looking For HARP 2.0 Mortgage Refinance Loan Program? Check These Points
HARP 2.0 Mortgage
Refinance Loan Program
» Your Mortgage Must Be Held Or Guaranteed By Fannie Mae Or
Freddie Mac
» Your Mortgage Must Have Been Bought By Fannie Or Freddie
» You Must Have No Late Payments In The Past 6 Months
» Though The Upper LTV Formerly Set At +125% Is No Longer Applicable
Longer An Upper Limit) The 80% LTV Lower Limit Still Applies
Get Started Today
For HARP 2.0 Mortgage Refinance Loan Program?
HARP 2.0 Mortgage Refinance Loan Program
The HARP 2.0 Mortgage Refinance Loan Program is a revised version of the HARP plan of
2009. This new home refinancing schedule is expected to reach out to millions of distressed
homeowners who are yet to get benefited with federal funds. By qualifying for the HARP
revamp borrowers have a chance to avoid possible home foreclosures and reduce their monthly
payments substantially. With relaxed eligibility guidelines, it could be easier to qualify for the
HARP 2.0 even for those whose home values have fallen and they currently owe more on their
homes as compared to their current market values.
Many people might not be aware that to secure approval for a HARP 2.0 Mortgage Refinance
Loan Program underwater borrowers are not required to have a Loan-To-Value (LTV) ratio of
125% as was the case earlier. The LTV caps have been removed and a homeowner may now
think of refinancing his home even if he is deeply underwater on his mortgage and that too
without the need of any new home appraisal. Nevertheless, to be eligible for HARP 2.0
refinancing, the minimum LTV of an applicant has to be at least 80% and the borrower must be
current on his mortgage payments for last 6 months
Lenders will consider HARP 2.0 Mortgage Refinance Loan Program applications made by
borrowers only if their existing home loans have been sold to Fannie Mae or Freddie Mac before
June 1, 2009. Additionally, applicants need to ensure that they have not missed more than one
monthly payment during the past 12 months and that too with a payment default not exceeding
30 days. Homeowners who have been denied for the HARP earlier and are not aware may also
take advantage of the revamped HARP program and determine qualification for it. The HARP
2.0 offers a second chance for many borrowers.
Persons Who Need HARP 2.0 Mortgage Refinance Loan Program Request More Information On
Loan Qualification By Visiting Obama-LoanModifications.com
On the internet, there may be some firms which guide borrowers to qualify for the HARP 2.0
Mortgage Refinance Loan Program. One may seek help from such services to find out if he
really has any chance to obtain a low rate home refinancing loan using government housing
relief assistance. Remember, such companies employ experts who could be well versed with the
updated eligibility guidelines as well as process requirements that apply to the HARP 2.0 plan.
However, borrowers must make sure that he is working with a mortgage service provider that is
totally reliable and reputable.
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