1. Harp Refinance- An Overview
http://refinanceunderwatermortgagehelp.com is the only program that can help homeowners
with an underwater mortgage build Equity into their property. Check it out today.
As per the standard definition, the Home Affordable Refinance is a federal program of the US,
which is chalked out by the Federal Housing Finance Agency in the year 2009. It was meant to
support the underwater homeowners to refinance their mortgages. It is commonly known as
HARP Refinance. So, unlike the HAMP (Home Affordable Modification) program that helps to
homeowners who are at risk of foreclosure, HARP too targets the homeowners who are there
over their monthly mortgage payments but are unable to refinance owing to dropping home
prices in accordance to the US housing market correction. Later in the very same year, this
program was seen with an extension of including people having an LTV up to around 125
percent, whereas again in December 2011, there were some amendments in the rules. This
included leaving no limit on the negative equity for the mortgages up to 30 years. This means
that even those having more than 125 percent of their home property value could get the
refinance without having the PMI (private mortgage insurance).
This program was simply created to refinance the homeowners who are creditworthy having
minimal amount of equity to find mortgage on the regular fashion.
http://www.refinanceunderwatermortgagehelp.com is the only program that can help
homeowners with an underwater mortgage build Equity into their property. Check it out today.
Harp Refinance- An Overview
Refinance Underwater Mortgage Help
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