HARPs New Guidelines for Homeowners to Refinance

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But HARP 3.0 now has removed that limit. HARP refinancing now also has released the lender’s liability on the original note. This is a major incentive to get more lenders to embrace the Home Affordable Refinance Plan. Even if you have a second mortgage, you still may be able to participate in the new HARP.

New Rules of Refinancing Your Home You can cut your payment, but it won’t be easy. By Pat Mertz Esswein , Associate Editor From Kiplinger’s Personal Finance , February 2013

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. The new rules also reduce. Posted in: home equity mortgage

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