MORTGAGE.INFO LENDER HOTLINE: 888-581-5008 If you’re underwater on your current mortgage, there are options that can help you. You could be eligible to refinance your home without the worry of having to pay mortgage insurance or pay down the principal on your existing mortgage. What is the HARP Loan Program? With HARP you can get a lower interest rate than your existing loan, you could also shorten your loan term, or change from an adjustable to a fixed rate mortgage and there’s no minimum credit score. HARP Qualifications Current on your existing mortgage No more than 30 days late payments made to your mortgage in the last 6 months Your home is your primary residence Your loan is backed by Freddie Mac or Fannie Mae Your existing mortgage loan originated before May 31, 2009 Your current LTV (Loan-to-value) ratio must be greater than 80% Included in the HARP program No “Underwater” Limits- Borrowers can now refinance their mortgage regardless to how far their home has dropped in value. No Appraisals and No Underwriting- Your refinance process will be much faster and smoother without having to get an appraisal or having to get your loan underwritten. Modified Fees- Some risk based fees have been reduced for borrowers who refinance into a shorter term loan. Less Paperwork- Now when you use the HARP program to refinance, lenders don’t require income verification making for a lot less paperwork. Program Deadline- Act fast if you’re contemplating the HARP refinance program, because it’s set to end December 31, 2016.

1. HARP Loan
Program Eligibility
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

2. If you’re underwater on
your current mortgage,
there are options that can
help you. You could be
eligible to refinance your
home without the worry of
having to pay mortgage
insurance or pay down the
principal on your existing
mortgage.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

3. What is the HARP Loan Program?
With HARP you can get a
lower interest rate than
your existing loan, you
could also shorten your
loan term, or change from
an adjustable to a fixed
rate mortgage and there’s
no minimum credit score.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

4. HARP Qualifications
Current on your existing mortgage
No more than 30 days late payments made to your
mortgage in the last 6 months
Your home is your primary residence
Your loan is backed by Freddie Mac or Fannie Mae
Your existing mortgage loan originated before May
31, 2009
Your current LTV (Loan-to-value) ratio must be
greater than 80%
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

5. Included in the HARP program
No “Underwater” Limits- Borrowers can now refinance
their mortgage regardless to how far their home has
dropped in value.
No Appraisals and No Underwriting- Your refinance
process will be much faster and smoother without
having to get an appraisal or having to get your loan
underwritten.
Modified Fees- Some risk based fees have been reduced
for borrowers who refinance into a shorter term loan.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

6. Less Paperwork- Now when you use the HARP
program to refinance, lenders don’t require income
verification making for a lot less paperwork.
Program Deadline- Act fast if you’re contemplating
the HARP refinance program, because it’s set to end
December 31, 2016.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

7. T O L E A R N M O R E
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008
C L IC K HE R E
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

8. Justin McHood is Americas Mortgage
Commentator and has been providing
Mortgage commentary for over 10 years.
INFORMATION PROVIDED BY:
Justin McHood
MORTGAGE.INFO
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

9. LEARN MORE ABOUT MORTGAGE COMMENTATOR:
MORTGAGE.INFO
FACEBOOK.COM/WWW.MORTGAGE.INFO
_MORTGAGEINFO
LENDER HOTLINE: 888-581-5008
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008