HARP2REFINANCE
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Chapter 13 HARP 2.0 Refinance With Bad Credit No Credit Refinance Loans
Refinancing after a Chapter 13 is possible. Fannie Mae has a 2 year waiting period. HARP 2.0 lasts till December 2013 so you have time. Chapter 13 refinance loans using the home affordable refinance program are possible after two years from discharge. Your Fannie Mae or Freddie Mac loan must be current today with no late payments since your bankruptcy. An appraisal may not be required. No minimum credit score guidelines All Fannie and Freddie loans eligible prior to June 1st 2009..
Related topics : home loan bad credit no down payment / bad credit loan refinance / bad credit loans
HARP Loans Are First Mortgages Second Mortgages Not HARP Loans
The Revised HARP Guidelines require 2nd mortgages or Home Equity Lines of Credit (HELOC's) to subordinate to new HARP loans. Fannie Mae and Freddie Mac are not second loan lenders. Second loans are not HARP eligible. Lower the payments on your loan with HARP.
Related topics : second loan mortgage / equity loan mortgage lenders / line of credit home equity loan
No Prepayment Penalties For HARP Loans Sell Anytime
Home Affordable Refinance Loans do not have pre-payment penalties. You can pay off your HARP loan anytime. With property values down so low you may not have equity for many years. A Short-Sale may be your exit strategy. Home Affordable loans are a good solution for immediate lower payments. No credit scores required. Appraisals are waived for most primary homes.
Related topics : home equity loan refinance / affordable homes for sale
What Are The Best HARP Loan Rates? Shopping For A HARP 2.0 Refinance Laon
The HARP loan is a "high" risk loan so rates are going to be slightly higher than a non HARP refinance. The interest rate difference is as low as .125 or 1/8th in rate. For the value you get with lower fixed rate payments it is a smart choice. Interest rates can vary from lender to lender. Be sure to get 2 or 3 loan quotes when shopping for a Home Affordable Refinance loan.
Related topics : loan refinance rate / home loan rate interest / interest rates loan / low rate loans
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