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Now More Under Water Homeowners Can Play the HARP. 125% Mortgages Available.

Published
by
Gina Pogol
on July 2, 2009
in Mortgage Refinance
. 0 Comments

A story in the LA Times this morning let us know it’s official–what’s been rumored for weeks has happened. The Obama administration eased eligibility rules Wednesday for its Home Affordable Refinance Program (HARP) , lifting the maximum loan-to-value ratio to 125% from 105%–making refinancing available to more people (like us here in Nevada!) whose homes are worth less than their mortgages. Continue reading ‘Now More Under Water Homeowners Can Play the HARP. 125% Mortgages Available.’

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HARP Refinancing: A Change for the Better

Published
by
Gina Pogol
on June 12, 2009
in Mortgage Refinance
. 1 Comment

Anyone considering refinancing their mortgage under the Making Home Affordable plan had to be scared to death after looking at Fannie Mae’s new risk-based pricing adjustments. The Loan Level pricing Adjustment matriax, aka the Chart of Death, added prohibitive surcharges to refinances for nearly anyone without perfect property and perfect credit. But as of July 1, 2009, refinancing through the making Home Affordable program will be a lot less scary and a lot less expensive. Continue reading ‘HARP Refinancing: A Change for the Better’

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1 Star2 Stars3 Stars4 Stars5 Stars (8 votes, average: 4.13 out of 5)
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