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New HARP Guidelines

Now May Be The Time To Refinance Your Home!

Now May Be The Time To Refinance Your Home!

On Tuesday, The Federal Housing Finance Agency (FHFA)  announced changes to the Home Affordable Refinance Program (HARP) in an effort to help eligible borrowers who may benefit from refinancing their mortgage. As a result of the announcement, Fannie Mae and Freddie Mac will be making the following changes, noted below.  These changes are designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Mae / Freddie Mac mortgage loans, but may not have been able to refinance in the past, due to their home appraising for lower than the amount the borrowers currently owe. Read the rest of this entry »

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