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assistance_for_harp_program_eligibility [2018/05/16 16:25]
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assistance_for_harp_program_eligibility [2018/06/13 21:25] (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.
**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.txt · Last modified: 2018/06/13 21:25 by admin