If you are current on your mortgage; have a mortgage that is owned by Fannie Mae or Freddie Mac, and owe as much or more than your home is currently worth, you may be eligible for HARP refinancing. That can mean significant savings by:
- Lowering your monthly payment
- Reducing your interest rate
- Securing a fixed-rate mortgage that wonāt change over time
- Building equity fasterāshorter term options may be available
- Lower closing costs because an appraisal is not usually required
Could You Get HARPed?
Wondering if youāre eligible or know someone looking to refinance? Learn more about HARP eligibility requirements HERE.
