- The value of my property has fallen.
- I owe more than my home is worth.
- I have been turned down for a refinance loan in the past.
- I am having trouble making my house payments.
- I have an adjustable rate mortgage.
- I don’t qualify for loan modification.
- I can’t afford my mortgage payment.
If so, we might have the answer that you’ve been looking for.
The Making Home Affordable Refinance Program (HARP Phase II) is a government backed mortgage program that allows most borrowers with existing Fannie Mae and Freddie Mac loans to refinance their homes even if they owe more than their home is worth, have an adjustable rate mortgage, have been turned down for a refinance loan or loan modification in the past, or just can’t afford their mortgage payment anymore.
HARP Phase II’s goal is to help you stay in your home by making it more affordable for you to continue to make your monthly mortgage payments and keep your dreams of affordable home ownership alive. We can help you qualify for the HARP Phase II program if we can show that you are receiving one or more of the following benefits:
- A lower monthly mortgage principal and interest payment;
- A lower interest rate;
- A shorter amortization term (a loan for fewer years); or
- A more stable mortgage product; for example, movement from an ARM to a fixed-rate mortgage.
So if you’re looking for a lower interest rate, a fixed mortgage, a lower payment, or a better mortgage then refinancing your home through the Making Home Affordable Program might be just the right answer for you.
How do I know if I’m eligible for HARP?