Do You Owe More On Your Home Then It’s Worth?

Salem Oregon Homes For Heroes

HARP 2.0 (Home Affordable Refinance Program), allows owners of homes that are underwater in value to refinance at today’s low interest rates. The key requirement for HARP eligibility is that the home loans must be owned by Fannie Mae or Freddie Mac. This program was just extended (see here) for 2 more years.

Look up your property here:

Fannie Mae

Freddie Mac

The HARP Program is a fantastic way for Homeowners that owe more than 80% of the homes value to refinance to today’s Historically low rates!

HARP At a Glance

HARP allows homeowners, with the desire to refinance their current mortgage, take advantage of current rates despite the decline in home value. The ultimate goal is to allow a homeowner to do a mortgage refinance for a lower interest rate and overall monthly payment. Here are the general eligibility guidelines for HARP:

  • There is no loan-to-value cap in the new HARP, for…

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