Tag Archives: Freddie Mac

HOME AFFORDABLE REFINANCE PLAN (HARP 2)! First Introduced in 2009 To Create Refinancing Opportunities At Lower Rates For Homeowners, Including Some, Who Have Already Been Rejected By Lenders.

Program Deadline: Extended through December 31, 2015.
1. Fannie Mae or Freddie Mac must own or guarantee the loan.
2. The loan was originated on or before May 31, 2009.
3. The current loan-to-value (LTV) ratio must be greater than 80 percent.
4. The borrower must be current on their mortgage with no late payment in the last six months and no more than one late payment in the last 12 months. Continue reading

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