Refinancing guidelines have recently been changed by the Obama administration in order to help more struggling homeowners who have negative equity. This means if you have stayed current on your mortgage for the past 12 months and upside you may qualify, that’s where HARP 2.0 comes in.
Implemented in October, HARP 2.0 is the Federal Housing & Finance Administration’s latest attempt to help keep payments affordable for millions of borrowers. The FHFA says it has refinanced over 9 million loans so far and wants to accelerate the trend to alleviate the always-suffering housing market. HARP will now be open for appplication through the end of 2013 and features a few eased requirements such as risk-based fees, although overall not much has changed.
So if you have a Fannie or Freddie loan that is currently upside-down, and you haven’t looked at the government’s refinancing program, you should talk to someone right away to see if this can help you!
If you would like more information, please contact us at 877-882-5338 to see if HARP 2.0 is right for you.
Remember, Amerihope Alliance Legal Services, LLC stands apart from typical loss mitigation companies for several reasons. Our negotiations are directed by our licensed attorney, Gregory Nordt, Esq., who is keenly focused onmortgage law. We provide clients with real solutions at a time of financial and economic uncertainty while the mortgage and real estate industries struggle. Our negotiators are industry professionals and experts at the number one asset needed to succeed at loss mitigation and short sales: Client Advocacy.