600,000 Homeowners Could Benefit from 2016 HARP Extension. May 26, 2015. It allows homeowners to refinance into today’s lower rates even if they owe more on their home than it’s worth. Most homeowners know this situation as being "underwater".. HARP 2016 Extension Now In Effect.
SoFi is relatively new to the mortgage market; it first started offering mortgages in 2016. Its lower rates, slick interface and “member” benefits make it popular lender.. If you got your mortgage before 2009 and meet other requirements, you may be eligible for a HARP refinance.
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With HARP, a homeowner with a mortgage owned by Fannie Mae or Freddie Mac may be able to refinance into a more affordable mortgage. HARP could help you lower you interest rate and mortgage payment. Through HARP, you could switch to a fixed-rate mortgage that won’t change over time.
After all, HARP-the Home affordable refinance program created by the federal government after the housing crash-was set to expire in December 2016. But the Federal. would continue to have an option.
· The home affordable refinance program launched in 2009. Seven years later, homeowners still ask the same 7 questions. Get the straight scoop on HARP.
April 11, 2016. Your mileage may vary, but hey, I’m the guy writing here. mortgage rates dipped last week, hitting the lows of the year. Per Freddie Mac’s Primary mortgage market survey, the average rate on a 30-year fixed-rate mortgage was 3.59% with 0.5 points, down from 3.71% the week prior.
The one-year extension until the end of 2016 for HAMP was previously announced. regularly making their mortgage payments, to refinance their loans to take advantage of historically low interest.
The Federal Housing Finance Agency created HARP-the Home Affordable Refinance Program-to provide refinancing options to homeowners who are Created at the height of the housing crisis, the program was originally scheduled to end on December 31, 2016. This deadline was extended twice.
The harp refinance program can help you refinance at lower rates. The Home Affordable Refinance Program, also referred to as "HARP", is a federal-government program designed to help homeowners refinance at today’s low mortgages rates even if they are they are currently underwater.
If you haven’t heard of HARP refinancing and you’re a homeowner who’s looking for a lower interest rate, this may be the right solution to your payment woes. Instead of letting the opportunity blow by, here’s all you need to know before this option ends in 2016.