Upside down mortgage

VA has a IRRRL that will allow for underwater borrowers to refinance. The loan must be a VA loan now to take advantage of this program.. USDA also has a streamline refi option. And if your loan was initiated prior to May 2009, and if it's owned by Freddie or Fannie, then you might qualify for a HARP 2.0 refinance... if you want to know for sure, then the best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide 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

Do you happen to know what type of loan you DO have? And, when did you take out the current loan (i.e. when did you purchase your home, or when did you close on the most recent refinance)?

If your loan was acquired by Fannie Mae or Freddie Mac prior to 6/1/2009 you would be eligible for a HARP refinance as long as you qualify for the new payment. Work with a Lender411 loan officer from this forum that is local to you for best results. Good luck!

What type of loan do you have?

Hi, Sure. That's what HARP 2.0 is designed for.Give me a call or shoot me an e-mail and I can check if you are eligible--you may not even need to do an appraisal.Kris KrajeckiGreat Mortgage630-347-6321IMCALLINGKRIS@AOL.COM

If you have an Fannie Mae or Freddie Mac backed loan you should look into refinancing your underwater mortgage through the HARP refinance program.

Is your loan owned by Fannie or Freddie?

Current Loan Type?

You could possibly do a HARP refinance if your current loan was guaranteed by Fannie Mae or Freddie Mac on or before 5/31/09. You can check their websites to see if your loan was guaranteed by them here: Freddie: https://ww3.freddiemac.com/corporate/ OR Fannie: https://knowyouroptions.com/loanlookup Or, you can contact me to discuss. I am an Illinois licensed lender in your area. barb.lanis@1amllc.com

Possibly HARP 2.0

You may need to wait for HARP 3.0, if it ever becomes available.

Harp Loans that will allow for underwater borrowers to refinance:I would like to see you financial information. Please send me the following information for all borrowers:1. 1 Month of current pay stub's2. 2 Year W-2 Income Statements3. 2 Year 1040 Federal Tax Returns4. 2 Year Business Tax Returns (business owners only)5. 3 Months of current Bank Statements6. Copy of Drivers Licenses Please forward them to:James MazzolaSun Home Loans210 Park Avenue Ste. 101Florham Park, NJ 07932jmazzola@sunnm.com or cornoil@comcast.netIf you have any questions, please do not hesitate to contact me:(C) 732-501-4249Thank you,

If your current loan is a Fannie Mae, Freddie Mac, FHA, VA, or USDA loan... You have potential options. Contact a local mortgage broker in your area for more information and assistance about the potential loan options for underwater mortgages. www.HARP-Refinance-MN.com

So what type of loan do you have if not an FHA?

If you have a VA loan, you can completed a VA streamline refinance on your upside down loan. If you have a Fannie Mae or Freddie Mac backed loan, you can complete a HARP refinance. The first step to determining what your options are is determining what kind of loan you do have and contacting a local lender to determine your eligibility.

Harp II

Lowest rates. Best Service. 20 years experience in the industry. I am always happy to assist so if you need more information, a pre-qualification, or a competing rate quote you can go to my web page and use my live support button to discuss anything at all with me in an easier format. Web Address is: http://www.loansfromrob.com/quote/ Email is rhanson@gladewaternational.com and direct phone is 240-752-7549. Good Luck -- Rob Hanson