In the past few weeks, there have been some updates to the HARP Loan program, also known as the Home Affordable Refinance Program, which was instated in 2009 to help homeowners maintain their current mortgages. In order to be eligible for the initial HARP refinance program, homeowners needed to have their loan backed by Fannie Mae or Freddie Mac and must have had a secured date prior to June 1,2009.
We posted about the HARP Loan 2.0 updates in mid-March after the government’s new Refinance Program became available and offered new options that the initial HARP loan didn’t offer.
With the changes to the HARP Loan 2.0, homeowners who have mortgage insurance are now allowed to refinance, which means that current homeowners can potentially lower their current mortgage even with mortgage insurance. If you want to take advantage of the HARP program’s great opportunities, give The Mortgage Guys Atlanta a call so we can help refinance your home loan.