If you are current on your Fannie Mae or Freddie Mac mortgage and the value of your home has declined dramatically, you may be eligible to refinance through HARP. The HARP loan is a new FIXED rate loan that can be completed even if your property has no equity in it. An appraisal is not required. Owner Occupied, second homes and investment properties are acceptable. You may be eligible to apply if you meet all of the following:
• You have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac.
• You are current on your mortgage payments and have not been more than 30 days late in the last 12 months.
• The refinance will improve the affordability/stability of your mortgage payment.
• You are employed and have the ability to make the new payment.
• You have not refinanced through the HARP program before.
• The existing mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
Homeowners can determine if they have a Fannie Mae or Freddie Mac loan by going to:
http://www.FannieMae.com/loanlookup/ or call 800-7FANNIE (8 am to 8 pm ET)
https://ww3.FreddieMac.com/corporate/ or 800-FREDDIE (8 am to 8 pm ET)
If you would like to receive a detailed refinance quote
Contact us at 877-892-2295
Not available during working hours?? Complete the online mortgage analysis request and receive a quote emailed to you first thing on our next working day.
MLCG, Inc. is a private mortgage brokerage and not affiliated with any governmental agency.
CA Dept. of Real Estate - Real Estate Broker #01790710 - NMLS #275292