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Yes, that's right... Commencing January 2012

The Home Affordable Refinance Program is being considerably enhanced!

(HARP is only being extended until Dec 31, 2013)

Due to the fact that a third of all homes nationally are below what they used to be.

The hope is to allow homeowners who couldn’t refinance before due to their property value decline be able to now obtain a new home loan.

There will be millions of potential homeowners that will be eligible.

In other words NO APPRAISAL NEEDED

as long as you are current on your mortgage payments

and have had your loan sold to Fannie Mae or Freddie Mac by May 31, 2009.

Call Me Direct Now For More Info!

(954) 709-5919

A critical part of Fannie Mae's role in the Making Home Affordable^SM Program is Home Affordable Refinance, available for refinances of existing Fannie Mae loans only. Check Below

Click to Determine if Your Loan is a Fannie Mae loan

The Fannie Mae Loan Lookup

Click to Determine if Your Loan is a Freddie Mac loan

The Freddie Mac Lookup

The New HARP Program wasAnnounced by the President,

October 24, 2011, and has been updated allowing more homeowner’s to take advantage of the program.

The New Home Affordable Refinance Program will be considerably enhanced by having several more benefits. Main one being the maximum Loan to Value (LTV) cap has been removed on home owners looking to refinance into a fixed rate mortgage. Automated values will be determined and end results being that an appraisal of the property would not be required. HARP was first established in 2009, for Fannie Mae and Freddie Mac, HARP addresses situations where the homeowner’s property value has fallen causing them to no longer to qualify under traditional underwriting criteria. Homeowners with a loan owned by Freddie Mac or Fannie Mae have the opportunity to refinance with any participating lender as long as the resulting loan is less than 125% of the current property’s value.

John Rivera

National Mortgage Lic # 61185