Harp 2.0 with PMI to remove co-borrower

Hi Beth, thank you for the question. The short answer is yes - there are a few other items to be taken into consideration but HARP does allow you to remove a co-borrower from the loan. PMI is not tied to one certain lender and would not pose a threat to refinancing with someone else. I would recommend steering away from the big banks - most are currently gouging people with high fees and not so great rates. If you need any further assistance please send me a message. Thanks, Sam. www.silvercreekfinance.com

This is not a problem at all! Not only can I do this, but my offices are in Mundelein! Thus, please call me direct at 773-817-2180 or e-mail me at RLurie29@yahoo.com when you have a second. Thank you, Richard Lurie c/o Fisher Mortgage Company

Hey Beth.. first, it's easy to remove an x spouse.. you have to show that you have made the payments in the last 12 months on your own, and from your own funds... getting a HARP loan with existing MI can be done, although there are a few obstacles... and you should absolutely NOT use your current lender.. they are gouging their own customers... contact a LOCAL mortgage broker, and not one of those 50 states or internet lenders.. the LOCAL broker is familiar with local customs and because he deals with many lenders, not just one, he can find you the best rates and lowest fees for your particular scenario... WilliamAcres.com

Yes, removing an ex is possible. No, your existing PMI policy should not prevent you from obtaining relief under HARP 2.0. Contact 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. We have 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