Posted: 12 Apr 2013 07:26 AM PDT
If you are in a home that is still underwater, you may qualify for a H.A.R.P. mortgage from the Federal Housing Finance Agency. The program that was supposed to expire at the end of the year has now been extended for 2 more years through 2015.
Now with the housing market starting to recover and competition for home loans driving down rates, the lending industry is happy to write HARP loans that are backed with government guarantees. The 2 million households that would qualify for these loans left is a huge profit center for the banks, and the politicians like having the win to talk about.
About the Home Affordable Refinance Program:
Steps Towards Refinancing:
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