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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