HARP 2 Inquiries


The announcement of HARP being revamped took place about three months ago (for more on HARP, scroll down to read previous posts from this blog). Since the announcement, I’ve spoken with at least one or two people per day about the program and how it might help them. Most of the homeowners I’ve spoken to need the unlimited loan to value portion of the changes to begin. That is scheduled to start in the spring, so we are waiting to begin the refinance process.

In the meantime, I have put together a list of clients with their mortgage needs in relation to HARP. After a 5-10 minute conversation, I have categorized clients by whether their loan is owned by Fannie Mae or Freddie Mac, if they have PMI, and if there is a second mortgage on the property. Once the unlimited portion becomes available, I can quickly contact each person and start the refinance process.

If you’d like to know about HARP, own a property in the state of Georgia, and have about 5 minutes, reach out to me by phone or email. We can begin the conversation and see whether we should move forward now OR wait until the unlimited loan to value portion of HARP is available. If that is the case, I’ll add you to the list and contact you as soon as unlimited loan to values are available.

If you are a homeowner and would like to refinance using HARP, this is a call you need to make to see if you qualify and how to move forward. Planning is key here because when unlimited loan to values start, it is going to be a day-after-Thanksgiving-get-into-Wal-Mart rush to underwriting.

Getting a headstart on this rush would be ideal.

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