If you are an underwater homeowner the HARP (Home Affordable Refinance Program) was set to expire December 2013 and was just extended for two years to December 2015. If you’re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage.
- The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
- The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
- The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
- The current loan-to-value (LTV) ratio must be greater than 80%.
- The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.
The HARP program is eligible for owner occupied homes a second home, an investment property, single-family homes, condos and villas as long as Fannie Mae or Freddie Mac owns your loan.
To check if Freddie Mac or Fannie Mae owns your loan go to the website below, or call and I will check for you.
You can reach JoAnn Rooney at My Mortgage Source 727-938-9007
I am very pleased to announce that My Mortgage Source is now open for business and is located at 2142 Alt. 19 Suite D, Palm Harbor 34683.
After 10 years of being a partner and co-founder of Your Mortgage Source, I decided the time was right for me to branch out on my own. As far as you my customer is concerned, nothing has changed, except for the name and location. My entire staff has moved along with me and we look forward to providing you with the same excellent service and advice that we have in the past. Please feel free to contact me with any questions that you might have.
JoAnn Rooney is the CEO of My Mortgage Source, LLC. JoAnn is also a member of Dunedin Rotary North, a 2007 Leadership Pinellas Graduate, a Member of the Mortgage Bankers Association, serves on the board of the Pinellas County Economic Development Council and a member of the Florida Association of Mortgage Brokers. My Mortgage Source, LLC is located at 2142 Alt. 19, Suite D Palm Harbor, Florida 34683. JoAnn can be reached at 727.938.9007 or email: firstname.lastname@example.org. Also visit www.mymtgsource.com, facebook.com/FLMortgageLadyand follow on Twitter@FLMortgageLady. Company NMLS# 1019744