Otherwise known at the Home Affordable Refinance Program, “HARP” offers you the ability to refinance your current mortgage and take advantage of today’s rates even if your property is “underwater.”

In order to be eligible, you must meet the following criteria:

  • Your current loan must be owned by either Fannie Mae or Freddie Mac.
  • You must have closed on your current mortgage on or before May 21, 2009.
  • You must be current on your home loan.
  • You cannot have made a late payment within the last six months.

This program was designed to help those homeowners who made their mortgage payments during the economic downturn by allowing them to have an unlimited loan to value while benefitting from today’s lower rates. Your monthly payments will go down, start saving today.