I am assuming you are looking at a harp?? I will need a little more information.. I have a great loan officer for you in california my email is yourloanpartnerforlife@live.com linda
It really depends on the specific type mortgage you have now, the amount of equity you have in the property (if any) and your qualifications. There is help if it is a Freddie Mac loan and HARP eligible, or currently FHA-VA-USDA insured. pdumouchel@primelending.com
Hi Gerard,Much of California has experienced 20+% appreciation in home values from 2012-2013. I would be happy to check value for you and let you know if there are any loan programs that you would qualify for. Jeff PhillipsHPI Financial415-867-6488
I assume you are wondering about a HARP refinance. If you have a Fannie Mae, Freddie Mac, FHA, VA, or USDA loan, you have options. If it isn't any of them, and you are underwater, there is no current loan available. Contact a local mortgage broker in your area, as across the country values have risen nicely the past two years. www.HARP-Refinance-MN.com
If you are underwater on your mortgage and do not have a Fannie of Freddie loan, you can still refinance an FHA, VA or USDA refinance loan.
At this time if you don't currently have a Fannie Mae, Freddie Mac, FHA, VA or USDA loan that meets refinance requirements you will not have a refinance option unfortunately. There is talk that there may be a HARP 3 coming out this year that will address all of the loans that are not the above, but at this time it's just talk. If you are in a hard spot with your mortgage right now you may be able to get some help with your current lender through a modification or forbearance. Best wishes, Sean
Ask our community a question.