Temporary Refinance Programs Extended–Home Affordable Refinance Program

The administration has extended the Home Affordable Refinance Program until June, 2011.  It was set to expire June, 2010. 

HARP benefits a borrower who has demonstrated acceptable payment history on their mortgage and needs an expanded Loan-To-Value ratio or potential relief from Morgage Insurance requirements for FNMA (Fannie Mae) & FHLMC (Freddie Mac) loans.  for more information call your current servicer for details.  This may be a way to lower your payment, allowing you to benefit from lower interest rates, even if your house has not gone up (or has gone down) in value.

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