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assistance_for_harp_program_eligibility [2018/05/16 16:25]
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assistance_for_harp_program_eligibility [2018/12/08 20:54] (current)
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=====Eligible for HARP?===== =====Eligible for HARP?=====
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 +The very first thing you should do is check to see if you mortgage loan is owned by Freddie MAC or Fannie MAE. Only those loans are eligible for HARP. Your loan servicer can quickly tell you if this is the case. You can also go to the HARP website and use their lookup tools to check your loan. If that is confirmed, then check to see what is the ratio of your loan balance to the value of your home — i.e., divide your loan balance by your home’s market value. If it’s greater than 80% then you could be eligible for this excellent program. It’s definitely worth taking these two easy initial steps to see if you should pursue it.
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 +**December 2018**
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 +What's happening with HARP these days? Actually, not much! HARP is definitely still available but there doesn't seem to be as much of a push behind it as in the past. There are murmurings about a major overhaul to the program in 2019 -- but no details about what may change and if it will be for better or worse. In any case, HARP is still very available and there are plenty of lenders that would love to help you refinance your home loan at a great rate and even take some cash out of the equity in your home (if any). Since the future is uncertain you might benefit greatly by taking some time out of your busy holiday schedule to see if you can give a great gift to yourself and you family...
**Update May 2018** **Update May 2018**
The official HARP website offers some good advice about how to avoid scams. The biggest warning is to remember that help with HARP is free — if not, it’s fake. Don’t let someone convince you that you have to pay a fee to be helped or that they have some special connection to your loan servicer. Never sign over the deed to your house to any person or organization unless it’s your mortgage company and you are working directly with them in order to have your debt forgiven. And definitely don’t ever make a mortgage payment to anyone other than your mortgage company. The official HARP website offers some good advice about how to avoid scams. The biggest warning is to remember that help with HARP is free — if not, it’s fake. Don’t let someone convince you that you have to pay a fee to be helped or that they have some special connection to your loan servicer. Never sign over the deed to your house to any person or organization unless it’s your mortgage company and you are working directly with them in order to have your debt forgiven. And definitely don’t ever make a mortgage payment to anyone other than your mortgage company.
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 +Keep in mind also that, in order to be eligible for HARP, you must have a loanthat is owned by Freddie MAC or Fannie MAE. You bank or other loa
**Update March 2018** **Update March 2018**
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assistance_for_harp_program_eligibility.1526487939.txt.gz · Last modified: 2018/05/16 16:25 by admin