Home Affordable Refinance Program (HARP program)
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justincredible
Anyone have any experience refinancing through this program? We've been wanting to refinance down to a 15 year fixed for a while but unfortunately do not have the equity in our house to qualify. I got a letter in the mail from Quicken Loans this week that mentioned the program and it seems like it might be worthwhile.
Here's the official site from the gov't:
http://www.makinghomeaffordable.gov/programs/lower-rates/Pages/harp.aspx -
ytownfootball
Depends on your lender...sore subject with me -
justincredible
Can you expand on that thought a little more?ytownfootball;1032892 wrote:Depends on your lender...sore subject with me -
ytownfootball
Yes, but I'm reluctant.justincredible;1032898 wrote:Can you expand on that thought a little more?
I'll say this, if your lender was not the recipient of federal buyout funds (either directly or indirectly) they're not obligated to afford you the ability to do so. If you're current then things are a little different but not much. -
Ironman92
I'm dumber than shit.
Hope this helps. -
justincredible
I'm not sure I understand. How is it different than any other refinance, outside of the LTV amount required?ytownfootball;1032908 wrote:Yes, but I'm reluctant.
I'll say this, if your lender was not the recipient of federal buyout funds (either directly or indirectly) they're not obligated to afford you the ability to do so. If you're current then things are a little different but not much. -
ytownfootball
FHA, PMI insurance? Lots of variables Check your PM's.justincredible;1032939 wrote:I'm not sure I understand. How is it different than any other refinance, outside of the LTV amount required?