Below is a great article if you are looking to Refinance using the HARP 2.0 program by Janyce Horton of Wells Fargo Home Mortgage.
Are you HARP 2.0 eligible?
The Home Affordability Refinance Program (HARP) is part of President
Obama’s Making Home Affordable program. The Program is also known
by the name of Homeowner Affordability and Stability Plan (HASP). The
purpose of this program is to provide relief to homeowners who are unable
to refinance due to declining values of real estate
Homeowners with either a Fannie Mae or Freddie Mac mortgage that was
delivered prior to 5/31/2009 are eligible and the Loan to Value is
These are first mortgage refinances only – it will not allow including in the
payoff of a HELOC or second mortgage. Those have a subordination
Most of these loans do not require an appraisal, if there is a reliable AVM
(automated valuation model) for the area.
This program has been extended until December 31, 2013. If you have not
taken advantage of this program, you need to do so now. Rates are on the
way back up.
If you have a Wells Fargo Mortgage please call me, if you have a Fannie
Mae mortgage with another lender, Wells Fargo can still assist you.
Homeowners with Freddie Mae mortgages – Wells Fargo will have a
program to assist you 3rd or 4th quarter this year.
Call me if you have any questions.
NMLSR ID 450446
Wells Fargo Home Mortgage