Here are the basic requirements for the HARP 2 program:
1) The refinanced mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac.
2) The refinanced mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
3) HARP households must also be current on the mortgage to be refinanced, and must have a strong payment history.
4) The refinanced mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan refinanced via HARP between March-May, 2009.
If your house is currently upside down on a conventional loan, and you want to refinance – please give me a call or shoot me an email.
I just might be able to help you out!
Brett
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