Is a HARP my best option here, and what do I need to do?

You would be a prime candidate for the HARP Program. Right now is an amazing time to lock in a low fixed rate mortgage and lower your payment. There are several factors to consider and I would be happy to discuss them with you further. Please let me know if I can help further and I will work up the numbers for you. Reply to jarrod@utahloanexpert.com

It appears you would be a good cantidate for sure. There are more things to verify and confirm, but it sounds like a good option for you. You can email me at jason@jasonrhall.com or call me to ask questions - I am in the Union Park Area and have been for 15 years.

As the guys below have suggested, it appears with the info you gave that you might benefit from the HARP program. Changes are being made right now to the program that might even make it easier for you to qualify for a refinance at today's low rates. One of the changes is that the 125% loan to value restriction is being removed. I am following all the new guidelines very closely because I have several clients who will benefit. You can contact me as well at linda@utahmortgageadvisors.com or call me at 801.550.1222.

Chat with Linda Miller about this. (See answer and contact info above.) I am a REALTOR who has been working with her for some time now. She is very knowledgeable and will work hard to get your refinance done in a timely manner. Let me know if you have any real estate related questions in the future. bsummers@summershomes.com 801-613-2320

HARP would be ideal for you... WilliamAcres.com

HARP II, with less restrictive guidelines was announced 10/24/2011. Lenders should have the new guidelines in about a month, and actually doing the loans by December or January. Learn more about the new HARP 2 at http://mnrealestatedaily.com