Do we need a special application for HARP2?

Hello Stewart,We are a local mortgage broker and we do offer HARP 2.0 products, depending on who you current investor is, you may be required to provide an appraisal, however we haven't seen such request on any of our applicants. if you need any additional information please do not hesitate to call or email our offices. you can also contact Houtan.Hormozian@Crestico.com (310) 933-4748, www.crestico.com

You should contact a LOCAL mortgage broker, not a bank, and certainly not one of those 50 states or internet lenders.. the LOCAL broker is familiar with the local customs and because he works with numerous lenders, he can find the right lender for your particular scenario, and offer you lower rates and fees... WilliamAcres.com

Hello. Your bank may or may not offer HARP 2.0 Refinance. The loan application should be the same, all lenders use the Uniform Residential Loan application also known as a 1003. There are a few eligibility requirements to qualify for this loan product. 1) your current loan had to have been originated before May of 2009. 2) Your loan must be owned by Fannie Mae or Freddie Mac (we can look this up for you) 3) There are a few others but the first two are the most important. We are a California based Mortgage Broker and we partner with many lenders that offer HARP 2.0. Please give us a call and we can help. 619-609-7006. Thanks.

When you make contact with a Licensed Mortgage Banker/Broker, by telling them you want to refinance, they will easily determine if HARP is appropriate for you. In the end, the application and disclosures are really the same. I recommend a local Mortgage Banker /Broker. DON'T use one of the big banks, DON'T use one of the big national Mortgage factories, and DON'T use the people you are currently making payments to. In addition to the front line order takers not being properly trained or licensed, most of the big bank employees really don't know or understand the programs. It is amazing how many times they mislead or mis-guide consumers. We have also heard that the big banks are already advising their customers that it could be a 4-6 month lead time before they will be able to close escrow. You shouldn't have to wait. The local or regional Mortgage Banker/Broker is better equipped to handle the volume. We tend to be much more nimble in adding or moving personnel to accommodate a spike in volume. The big guys don't want to hire more people, so instead you wait and wait and wait. Another benefit is that your local Mortgage Banker has access to all the lending sources, allowing for an easier fit into the lender or program that makes the most sense. Whoever you choose, make sure you check them out at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

We can help you with your HARP 2.0 program. Our rates are around 4.25% on a 30 yr fixed today. Give me a call: 888-320-7888 - www.MortgageWholesale.net - Ken

There is no special application for a HARP refinance. A good licensed Loan Officer will be able to quickly determine if you qualify for the special program. As a side note, I strongly suggest you do NOT do business with a bank. Bank Loan Officers are not licensed, and should be considered more of just an application taker versus a true mortgage professional. Sure, they can take an application and process a loan, but for the largest financial transaction of your life - do you want to deal with a simple clerk, or a licensed professional. I think the choice is clear - and you should avoid any bank, including your current lender.

I would contact a mortgage broker in your state to help you with the HARP 2.0. Lenders are placing their own overlays on the HARP 2.0 program which is why you will have better luck with a mortgage broker who is able to shop your loan out with many different lenders.I only lend in Florida!