Are you Eligible for HARP 2.0 Refinance Program?

by Isaac Benmergui, Esq on July 26, 2013

Home SoldIf you’re one of thousands of Florida homeowners living under negative equity, you may qualify for the HARP 2.0 government program that allows you to refinance your home at a lower interest rate.

HARP stands for the Home Affordable Refinance Program (HARP), which is a refinance program created to help borrowers who have made their mortgage payments despite difficulty in doing so, but who have been unable to refinance because of a loss of home value. Unfortunately, many Florida homeowners don’t know the program exists, and are therefore, not taking advantage of the benefits

You may qualify for HARP refinancing if:

1) Fannie Mae or Freddie Mac owned or guaranteed your mortgage loan.

2) Your loan was sold to Fannie Mae or Freddie Mac before May 31, 2009.

3) Your mortgage is current for the last six months.

4) You owe more than your home is worth, or you have little equity in your home.

5) Your mortgage has not already been refinanced through HARP, unless your mortgage is a Fannie Mae loan, which was a HARP refinance between March and May 2009.

6) You have no or only one late payment in the past 12 months.

7) Your loan is not an FHA, USDA or a jumbo mortgage.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email for more information or to set up an appointment today.




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