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 was created to provide property owners with underwater mortgages the chance to refinance to today’s lower rates, lacking any assessment! This system ended up being revised in March of 2012, therefore you may now be eligible if you attempted to refinance before that time without success, the parameters have changed and. The brand new system is now called HARP 2.0.
Eligibility Demands for HARP 2.0
There are lots of needs you need to satisfy to qualify for HARP 2.0 Refinance:
1). Your loan should be a loan that is conventional by Fannie Mae or Freddie Mac. (więcej…)