Announced in March 2009, HARP is a federal government program designed to help 5 million underwater or near-underwater homeowners refinance into a fixed loan with a lower monthly payment. However, as of Aug. 31, only 894,000 borrowers have refinanced through HARP. On Oct. 24, 2011, President Obama announced an overhaul to the HARP program with the intent of reaching more underwater homeowners.
The expanded HARP program - also referred to as HARP 2.0 - will take effect on December 1, 2011 for borrowers with a loan-to-value ratio of less than 125 percent and in the first quarter of 2012 for borrowers with a loan-to-value ratio of greater than 125 percent.
Click on THIS LINK to see if you qualify for the new plan.
300 E. Citrus Ave.Redlands, CA 92373DRE# 01397926 (909) 307-1008 or (909) 255-6BUYToll-free (800) 448-1575Fax (909) 266-8006 Ask@RedlandsRealtyPros.com
300 E. Citrus Ave.
Redlands, CA 92373
DRE# 01397926
(909) 307-1008 or (909) 255-6BUY
Toll-free (800) 448-1575
Fax (909) 266-8006
Ask@RedlandsRealtyPros.com
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