HARP

The Home Affordable Refinance Program (HARP) has helped a number of homeowners who are underwater in their mortgages refinance to lower interest rates.  The program has been updated effective March 2012 to eliminate the loan to value restrictions on fixed rate loans.  There are still loan to value restrictions on adjustable mortgages.  This opens the door for more homeowners to take advantage of today’s low rates to lower their interest and mortgage payments.