Tips for Underwater Borrowers Looking to Refinance

Posted by Bonnie Martin Designated Broker on Thursday, November 14th, 2013 at 5:27pm.

houserainbow_anthonycz_450Underwater on your mortgage and still haven’t refinanced? Here are some lender tips on refinancing through HARP, a government-backed program to help underwater homeowners lower their monthly payments or lock down a low, fixed-rate mortgage.

Don’t assume you won’t qualify

Do you owe way more on your home than it’s worth? You can still refinance through HARP (the Home Affordable Refinance Program) no matter how underwater you are.

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