How Do I Get HARP 2.0 Program? - Read To Find Out

How do I get HARP 2.0 program?”, this question arises in the minds of many homeowners who are struggling to afford their mortgage payments but cannot get traditional refinancing because of fallen value of their homes.
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Dec. 27, 2012 - PRLog -- Like many financially stressed homeowners, if you are thinking “how do I get HARP 2.0 program?”, you should get or enhance knowledge on the eligibility guidelines for Obama’s Home Affordable Refinance Program 2.0. If any homeowner is not behind on his mortgage payments but is unable to get traditional refinancing because of declined value of his home, you could be eligible to get benefits offered by a HARP 2.0 refinance loan program. Here is crucial and useful information on the eligibility criteria of Obama’s refinance plan.

1.       The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.

2.      The mortgage should have been sold to Fannie Mae or Freddie Mac on or before 31 May, 2009.

3.      Borrower’s current loan-to-value ratio should be more than 80%.

4.      At the time of refinancing his mortgage, the borrower must be current on the mortgage. He should have a good payment history in the past 12 months.

Apply For Get Benefits Offered By A HARP 2.0 Refinance Loan Today

HARP was originally introduced in 2009 but later it was revamped; this program’s several eligibility guidelines were changed because earlier many homeowners could not qualify for the program due to its stringent criteria. To extend its help to larger population of struggling homeowners, the Obama administration introduced HARP 2.0 wherein borrowers were allowed to refinance regardless of how far their homes fell in value. Even certain risk-based fees might also be eliminated or modified for borrowers who refinance into shorter-term mortgages. Borrowers who are wondering, “how do I get HARP 2.0 program?” should get to know about these guidelines in detail so that they can improve their approval chances. However, there is a professional help from a mortgage specialist required.

It is not easy to get benefits offered by a HARP 2.0 refinance loan program such as stable and affordable mortgage product, the opportunity to prevent foreclosure, etc. There might be particular process and documentation requirement as well as edibility criteria that apply to HARP 2.0. To know all these things and to get the most effective, long-lasting and meaningful mortgage solution, specialist’s guidance is required. Several mortgage specialists are quite knowledgeable and experienced; they are conversant with each detail of the refinance program and know what it takes to qualify for it. With their guidance, borrower could be able to not only improve his approval chances for getting benefits offered by a HARP 2.0 refinance loan but also can reduce rigors and hassles that may arise throughout the application as well as approval process. For more information, visit

Read More To Know How HARP 2.0 Works And How To Qualify For It
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