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HARP Refinance Update

posted Jan 17, 2013, 7:09 PM by Massey Kouhssari

Refinance with HARP

  • The Home Affordable Refinance Program (HARP) gives homeowners who owe more than their home is worth* an opportunity to refinance.

    Take advantage of today’s low rates and refinance up to twice your home’s value with Quicken Loans. Find out if you’re eligible for the program by answering the following questions.

    Do you owe more on your home than it is currently worth?

    • Almost done! Is your mortgage owned by Fannie Mae or Freddie Mac?

      Not sure? Check here Fannie Mae or call us at (877) 410-6663.

      Not sure? Check here Freddie Mac or call us at (877) 410-6663.

HARP Mortgage:
 To be eligible for HARP: your mortgage must be securitized by Fannie Mae or Freddie Mac on or before 5/31/2009, with a loan-to-value (LTV) equal to or less than 200% of the current market value of your home. You must be current on existing mortgage payments and make sufficient income to support the new mortgage payments. Quicken Loans must be participating with your Mortgage Insurance provider in order for you to qualify. *The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. A tax advisor should be consulted for further information regarding the deductibility of interest and charges.

Call Massey at 949-607-8808 for further HARP refinance details