Underwater refi

If your loan is owned by Fannie Mae or Freddie Mac, you may qualify for the HARP 2 loan program. Go to www.fanniemae.com/loanlookup & www.freddiemac.com/mymortgage to check it out.

Hello in Largo! My name is Steve Verrier and I am a mortgage broker in Palm Coast, FL. As Todd mentions below, you may qualify for HARP 2.0 (visit my website here: http://www.thefloridamortgagecenter.com/harp2_eligibility.htm) to check. You may also get relief if your loan is FHA, USDA or VA through a streamline refinance. If your loan is through one of those agencies I would love to help you.904-514-8884 anytime. Thank you.

I'm assuming you have a Fannie Mae or Freddie Mac loan. See other responses for links to check. But generically speaking, sounds like you qualify for a HARP refinance, so talking to a local licensed non-bank loan officer should generate good news. If you can, it would be awesome if you could eliminate the PMI first. I've had a number of clients pay down to eliminate PMI, then do a HARP refinance. If your current loans has PMI - so will your new HARP loan. If your current loan does not have PMI, your new HARP loan will not either.

You can refinance under HARP 2.0 if your loan is owned by Fannie/Freddie, and if the new lender will accept the insurance certificate of your current MI Company. Rates are considerably lower, so it should be beneficial for you.. Contrary to belief.. PMI will not drop off at 78%... it's supposed to, and it should, but it probably won't... The best advice I can give you is to contact a LOCAL mortgage broker, Not your current lender, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You should have no problem refinancing if the LO you talk to knows what he/she is talking about

I would wait until you have removed the pmi from your current loan. It is my understanding that the monthly MI basically resets. So instead of your MI dropping off the refinance can extend your monthly MI. If I was your loan officer I would contact your MI company and be clear on their policy before refinancing thru HARP.I only Lend in Florida!

I can do your harp for you.. even with the pmi situation.. send my your address at yourloanpartnerforlife@live.com i have been doing loans for over 25 yrs...