Profile picture for drcu

I have a chase mortgage . No pmi and never never late. I am looking to do a harp loan.

current value of home is 380000
  • October 07 2011 - Fontana
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Answers (5)

Profile picture for sunnyview
There is a website here where you can explore your eligibility for HARP. It is worth taking a look to see if it might work for you.
  • October 27 2011
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Use Greg's link and see if you're in either database. If you find a match, it doesn't hurt to call the toll free number on the site and verify that you qualify for HARP. (i.e. your loan got their prior to 6/1/2009) Then the next question will be what is your loan balance? If you're good with HARP, you can refi to 125% of your home value. Note the higher your LTV your rate will be adjusted.
  • October 26 2011
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You listed the value, what is the loan balance? Did Chase give you a quote? Have you confirmed if it's Fannie of Freddie?Your other posts ask how to remove PMI, this post says no PMI, please clarify if you pay PMI or not.
  • October 08 2011
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Profile picture for MilesPitcher
Let me give you a "heads up".
If your loan is a freddie or fannie loan, there are a few things to remember.

1. If you loan was originally a Taylor Bean Whitaker loan, it may not be eligible for the harp refi
2. Your current loan will need to have been originated prior to May 2009 to be eligible.

There is talk of adjusting the eligibility dates, but it currently stands at May 2009.

Good luck
  • October 08 2011
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Have you checked to see if your loan is eligible? If not use these tools to see if it is (it must show up on one of them)...

http://www.fanniemae.com/loanlookup/

https://ww3.freddiemac.com/corporate/

If it does your property is eligible for a HARP refinance and as long as you/your loan qualifies with the lender's guidelines you should have no problem refinancing...

Sincerely,
Greg
  • October 07 2011
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