Home Affordable Refinance Program (H.A.R.P. UPDATE)

On Monday, October 24, 2011 the federal government announced that it would revise the Home Affordable Refinance Program (HARP).  The consensus being that it would “allow many more struggling borrowers to refinance their mortgages at today’s ultra-low rates, reducing monthly payments for some homeowners and potentially providing a modest boost to the economy.” 

Q.  What is H.A.R.P.?

Q.  Why are they making these changes to H.A.R.P.?

Q. What are the new program enhancements?

Q.  Which borrowers may be eligible for an enhanced H.A.R.P.?

Q.  When will these enhancements become available?

For more information on H.A.R.P. please contact us and we will be glad to answer any of your questions.

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