Home Affordable Refinance Program (HARP)
The Home Affordable Refinance Program (HARP) is available for those looking to refinance with little or no equity. The HARP program is designed to provide opportunities for homeowners who are current on their mortgage payments to take advantage of today’s low rates even if they have negative equity. Recent changes have also been announced to provide assistance to even more homeowners.
Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites – http://www.freddiemac.com/mymortgage or http://www.fanniemae.com/loanlookup/.