Current on Your Mortgage?
October 26, 2009
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If you are current on your mortgage you still will be able to refinance under the Home Affordable Refinance Program (HARP).
Eligible borrowers who are current on their mortgages but have been unable to take advantage of today’s lower interest rates because their homes have decreased in value, may now have the opportunity to refinance. Through a refinance under HARP, Fannie Mae and Freddie Mac will allow the refinancing of mortgage loans that they own or that they guaranteed in mortgage backed securities.
For other FAQs visit http://www.makinghomeaffordable.gov