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HARP Questions

We are looking to use the HARP for a home which loan is owned by Freddie Mac and the value is $300,000, we own $$321,710. Our combined credit report is 768 and we have never been late in our payment. The home was purchased in April 2007 (brand new home) with a 6% APR.  Where can I see the interest rate as it seems like evey lender has a different one?  It looks to me that everything is based on the Loan to Value and credit score.  Which lender is offering a good interest rate and low closing costs? Please advise.
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March 06 - Stafford
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Answers (6)

Hello New2Germany

That is a great question but unfortunately we can post/self promote ourselves or anyone else within the posts.  If you like the answers given or want to check out further, then click the pictures/name beside the contributor for contact details.  

Now as far as lenders go, they must be approved by Freddie Mac to service the loans.  I have included the link for which you will see a list of approved lenders.  This is not a comprehensive list.  I hope this helps.

 HARP Lenders- Freddie MAC
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April 14
Hi New2Germany, it's always a good idea to shop around.  HARP is a government program but they don't regulate the pricing at all. [Self-promotional content removed by Zillow moderator] You may want to look into a 20 year in the low 4's if your payment is comfortable. [Self-promotional content removed by Zillow moderator, see our Good Neighbor Policy]. Let me know if you have questions!  Best of luck in getting out of that 6%! You'll be glad you did.
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March 07
You might want to look at a 20 year fixed loan, for the profile you describe you should find this to price better than a new 30 year, HARP pricing incentivizes 20 year or shorter terms for upside down primary residence. By now most lenders have figured out how to do HARP shouldn't be too hard to find one in your area.
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March 06
I would suggest  

1) contacting the person or time that you used when you originally started the loan for  some HARP options 

2) contact present loan servicer  for options 

compare / choose and move forward 

also an fyi - if the loan you have now has mortgage insurance on it ….please make sure lenders are  aware of this  so they can factor this  into their research  ( as some lenders  can't work with some mortgage ins firms )

Good luck 
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March 06
New2Germany...If you would like to contact me through my profile, I would be happy to put you in touch with someone in my group that can help.  I am confident that we can offer a competitive rate/fees and a very smooth process.
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March 06
Have you already submitted a mortgage rate request?  You could start that way and see what kind of response you get.  Otherwise you could contact your current servicer company to see what they are offering.
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March 06
 
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