HARP 2 Refinance Program

One of the perks that HARP offers to a HARP eligible homeowner in Arizona is that a homeowner can refinance with less than 20% equity and NOT have to pay mortgage insurance.  Typically, when a homeowner has less than 20% equity in their home they are required to pay mortgage insurance.  With HARP's main focus being on helping homeowners that are upside down refinance and leverage today's record low mortgage rates, some retooling with regard to mortgage insurance guidelines was a must when … [Read more...]

HARP 2 for 2nd Homes & Rentals

Harp 2 is designed to help homeowner's leverage today's record low mortgage rates.  The  key to the program is the fact that the value of a homeowner's home is irrelevant.  No matter how far upside down someone is, they can take advantage of HARP 2 as long as they are eligible and approved.  The first layer of eligibility requires that a homeowner determine whether or not their mortgage is serviced by Fannie or Freddie and has been since May 31 of 2009.  You can do so here: Fannie Mae … [Read more...]