Tag Archives: harp 2.0

Progress Update on HARP 2.0


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As mentioned on a previous post, Refinance Your Underwater Home with HARP 2.0, I indicated that I would provide an update on my progress as well as what other underwater homeowners are experiencing now that the new guidelines have been updated.

My mortgage was previously owned by Bank of America for several years and just late last year my mortgage was sold to M&T Bank.  I had contacted M&T Bank early in March, just as HARP suggests to find out if they participate in the program.  I was told to call back mid-March which is when M&T Bank said they would have HARP system up and rolling.

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Refinance Your Underwater Home with HARP 2.0

If you are one of the many homeowners unable to obtain traditional refinancing due to property decline, you may be eligible for Making Home Affordable’s Home Affordable Refinancing Program (HARP). HARP is a federal mortgage refinancing program announced through the Obama Administration last year. The program is to allow borrowers who are underwater on their homes or who have little equity to refinance at current low interest rates. There is no cap on LTV (loan-to-value) for current fixed rate mortgages. Meaning, homeowners would be able to refinance through HARP even if you owe twice or three times more than the value of your home.

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