HARP 2.0

HARP 2.0

You may have noticed in the news that the administration has announced a new program to help people who are under water on their mortgages refinance to today’s lower rates. The details will not be out until 11-15 with implementation to happen around December 1. But even then there will probably be more time lag to get systems in place to handle it. The benefit will only be for folks that have Fannie Mae or Freddie Mac loans. You can look up your property and see if your loan might be one that benefits by going to the following web sites.

http://www.fanniemae.com/loanlookup/

https://ww3.freddiemac.com/corporate/

If you have any questions or want to discuss your options, please contact me at 615-777-4663 or via email at George.Margrave@migonline.com .