refi with HARP?

Hello; Refinancing can help a homeowner by initiating a new mortgage loan with better terms to pay off and replace the current loan. HARP Refinancing is only available to financially stable borrowers who already have a Fannie Mae or a Freddie Mac mortgage and have been keeping it current for at least the past 12 months. The other benefit of a HARP loan goes to people who got stuck with a high interest rate when they bought their home. Refinancing at current rates can automatically make those mortgage payments more affordable. There is no opportunity to add other debts to the amount financed in a HARP loan. Some closing costs may be financed, however, and could result in cash back of up to $250. Refinancing under HARP does not change your current obligation to carry private mortgage insurance.

Carin, Good afternoon. A HARP may be the only solution you have. Barrett is correct in saying that you will still have PMI (MI). Very few lenders will reissue MI for you even if they service. I have access to one large bank that will. Please call me so we can discuss. You must be in TX. Brad - 972-724-3222