January 31st, 2012 9:35 PM by Preston Ware
The Home Affordable Refinance Program is a Great Mortgage!
Still waiting on the revised limited edition Harp 2.0 that will help refinance customers more than 125% Loan to Value
1/31/2012 Is this too good to be true? I say no. From all the talk I hear , this may actually become a mortgage loan program someday. Certainly good stuff to talk about during an election campaign. To date, I do not have a channel that is doing this loan, but I will certainly let you all know when the time comes. (Perhaps in as little as 8 weeks.) How many banks want to step up and say, "Lets do loans on underwater homes today!) I would assume for this to happen it would have to be another form of government subsidy that has to be planned for.
If they actually do make it available this becomes a way for average americans to save $200-$300 a month on their mortgage and invest it back into the economy.