Toward the beginning of February, I began the process of refinancing my home with the help of Home Affordable Refinance Program (HARP). This is a government program that recently expanded its eligibility requirements. However, many people aren’t aware of the fact that they might qualify for this program, which is fairly helpful — if you can get through some of the nightmarish paperwork.
Another reason that others might be reluctant to take advantage of HARP is that they don’t realize that this is a legitimate program. It sounds suspicious at first, and some of the less than truthful advertising surrounding HARP has also turned off some homeowners. But, if you still have a mortgage rate above 5%, HARP, if you qualify, can be a really good thing.
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