December 1 is when lenders are scheduled to begin implementing the new HARP guidelines for refinancing underwater mortgages. But you might not be able to refinance that underwater loan just yet.
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Homeowners can start applying to refinance their underwater mortgages under new HARP guidelines as soon as Dec. 1, according to new program rules released late yesterday.
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Hoping to qualify for a government-backed refinance of an underwater mortgage under the new rules for the Home Affordable Refinance Program (HARP)? Better act fast.
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So what do the new changes to the government’s Home Affordable Refinance Program (HARP) mean for you? If you’re an underwater homeowner, it could mean a lot.
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Thinking about refinancing? Don’t overlook the 20-year mortgage loan option.
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Refinancing a mortgage can be a challenge these days, particularly if you’re self-employed or have other types of irregular income.
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How soon can you refinance your mortgage again if you’ve already done it recently? With interest rates in a free-fall and setting new records, it’s a highly relevant question.
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