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...]