Monday, October 24, 2011

Details: The Revised "Home Affordable Refinance Program" Can Lower Monthly Payments For Homes Now Worth Less Than Purchase Price

Paid $750k for a house now worth $589K?  The revised HARP may help underwater homeowners, if the mortgage is owned or backed by Fannie Mae or Freddie Mac, with limited costs/fees to the home-debtor.  

Read the Federal Housing Finance Administration PDF.   And streamlined details of the plan are  in the embed, below.

Related: Previous Obama Admin Housing Programs Promised Aid to Millions of Homeowners, Fell Far Short


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