You may be eligible to refinance, without paying down your principal or adding costly PMI, through the HARP program or Home Affordable Refinance Program if you are underwater on your mortgage as many are here in Ocala. The HARP system is made to offer property owners with underwater mortgages the chance to refinance to today’s reduced rates, with no assessment! This system ended up being revised in March of 2012, so in the event that you attempted to refinance before the period without success, the parameters have actually changed and you’ll now meet the requirements. The new system is now called HARP 2.0.

Eligibility Demands for HARP 2.0

There are numerous needs you need to satisfy to qualify for HARP 2.0 Refinance:

1). Your loan needs to be a loan online title loans that is conventional by Fannie Mae or Freddie Mac. When you yourself have an FHA or VA loan you’re not qualified to receive HARP, but may be eligible for an FHA Streamline Refinance or VA Streamline Refinance. The Fannie Mae and Freddie Mac sites have actually types where you are able to verify in case your loan is supported by either of these. Links to those internet web sites are provided below.

In the event the loan is certainly not on the Fannie Mae or Freddie Mac web sites, you’re not entitled to a HARP refinance.

2). Your home loan should have been securitized just before 1, 2009 june. 继续阅读Who qualifies for harp loans HARP Unlimited LTV Refi →