Mortgage Refinancing with the HARP 2.0


By now you have likely heard commercials on the radio, or read a news article that discussed the revolutionary mortgage refinancing plans, called HARP 2.0 that have been endorsed by the U.S. Congress, Fannie Mae, Freddie Mac, and President Obama himself. Nationwide lenders posted some breaking news on their website about the latest changes of the Home Affordable Refinance Program that will be opening the door for millions of underwater borrowers to finally qualify for home refinancing. With fixed refinance rates coming available in the 3% range, the timing could not be any better. Clearly this could be a step in the right direction to help the housing sector finally rebound. It probably won’t hurt Obama’s reelection campaign either.

Nationwide recommends reading up on the Home Affordable Refinance Program 2.0 to determine if you are eligible and if refinancing with this program is the best option for your personal situation. Here are some articles that Nations Lending and MRBuzz recommends reading first:

At MR Buzz, we believe it is important to shop HARP lenders and compare interest rates, terms and costs before committing to a refinance for thirty years.  Also don’t forget that the HARP Refinance Program ends December 31, 2013. There has been chatter about a HARP 3.0, and if that chatter turns into buzz, you can bet that the blog at Mortgage Refinancing Buzz will be the first to report on the facts. If you have additional questions about getting government mortgage relief, we suggest calling the housing helpers at 888-995-HOPE (4673).

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