HARP 2 and 2nd Mortgages

The new HARP 2 is set up to provide relief to homeowners that are upside down.  One of the requirements of the program is that a borrower who is refinancing with through HARP may only refinance their first mortgage and they cannot "roll in" a 2nd mortgage.  What does a homeowner do if they have a 2nd mortgage? Short answer - they need to get moving and apply for HARP now!  Second mortgages must be re-subordinated.  Re-subordinating a 2nd lien can take time and the results of a … [Read more...]

Eligible for the Upgraded HARP 2?

As your Arizona HARP Mortgage Lender I am committed to keeping you posted on the latest Arizona mortgage developments.  I received some official news on the eagerly anticipated new HARP 2 guidelines and wanted to share!  As a reminder, this is a program that helps Arizona homeowners that have less than 20% equity in their homes refinance and take advantage of today's low Arizona mortgage rates.  Arizona homeowners and their mortgage must qualify (see below for more).  Here is a brief rundown of … [Read more...]