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» Though The Upper LTV Formerly Set At +125% Is No Longer Applicable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

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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.