| September 5, 2012
HARP stands for Home Affordable Refinance Program. It is designed to help borrowers who are underwater to get historic low interest rates. Although HARP has been around for a while, upside down borrowers haven’t been able to get to these rates until HARP 2.0. Your loan has to be owned by Fannie Mae or Freddie Mac prior to June 1st, 2009 to qualify for the program. Your loan must also be over 80% loan-to-value, it doesn’t matter what your LTV, your house could be worth half of what you owe, and HARP 2.0 can save you hundreds of dollars per month. Read more in the news about what you need to know and what HARP 2.0 can do for you. Feel free to comment and share with friends and family!