The Home Affordable Refinance Program (HARP) (loan, loan, default, upside)

[nc99]

Federal Housing Finance Agency - Home Affordable Refinance Program (HARP)

I see Home Affordable Refinance Program (HARP), what is this , is everyone qualified (there are some criteria that the loan amount should not be more than 125% of the home value, under water mortgage)....but is it for anyone who want to refinance ? Was looking for the rates and couldn't find it ? What is the advantage here from refinance from other brokers etc ?

[thelopez2]

Originally Posted by nc99

Federal Housing Finance Agency - Home Affordable Refinance Program (HARP)

I see Home Affordable Refinance Program (HARP), what is this , is everyone qualified (there are some criteria that the loan amount should not be more than 125% of the home value, under water mortgage)....but is it for anyone who want to refinance ? Was looking for the rates and couldn't find it ? What is the advantage here from refinance from other brokers etc ?

It is for certain people with certain loans

Google "Fannie Mae lookup" and Freddie Mac lookup and see if it is owned by Fannie or Freddie. You probably won't find rates.
When did your loan close

[Pfhtex]

It is for certain mortgages that were taken out up to mid-2009.

Rates are very good for these refinances, considering the upside-down nature of the new loan.

Use these links:

https://knowyouroptions.com/loanlookup

https://ww3.freddiemac.com/corporate/