Answers (5)
- wayne lancaster, "funds2"
- Contributions:1874
The first phase of HARP 2 does have a limit of 125% LTV and second phase in March does not have a LTV limit. Sounds too good to be true but hopefully it will provide a much needed solution to LARGE #s of consumers that are upside down.
- sunnyview
- Contributions:26843
If your loan is owned by Fannie or Freddie, there is a rework of HARP that might help you here. You can also contact your lender and see if they would be willing to work with you on lowering your interest rate or restructuring your loan.
There may be other options if you are qualified and a good loan officer or your current lender may have more information that might help so I'd call them to give them the details and see if they can help.
There may be other options if you are qualified and a good loan officer or your current lender may have more information that might help so I'd call them to give them the details and see if they can help.
- wayne lancaster, "funds2"
- Contributions:1874
If your current loan is an FHA loan you can refinance without an appraisal if you are prepared to pay the closing cost or have lender pay with higher rate. If loan is conventional and owned by Fannie Mae or
Freddie Mac www.fanniemae.com/lookup or https://ww3.freddiemac.com/corporate to find out. If so the HARP2 program just came out today and allows refinancing without appraisal without regard to loan to value. You can contact your current lender to get details but be aware they will be swamped...........
Freddie Mac www.fanniemae.com/lookup or https://ww3.freddiemac.com/corporate to find out. If so the HARP2 program just came out today and allows refinancing without appraisal without regard to loan to value. You can contact your current lender to get details but be aware they will be swamped...........
- Edyta Gryc, "IL and FL broker"
- Contributions:368
You may approach your lender and ask for a loan modification.
Good luck!
Good luck!
- Sharon Lewis, "Sharon Lewis"
- Contributions:4238
There are a number of programs out there that might help depending on your credit scores etc. I always suggest that people do not share their personal information on a public board., Click on the professionals tab at the top and search for a mortgage lender to talk one on one.
Since the housing collapse, I'm upside down. Any way I can refi at current value? How?
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