what is harp 2.0

HARP stands for Home Affordable Refinance Program.. This was a government approved refinance program for borrowers with loans owned by Freddie Mac or Fannie Mae.. it allowed borrowers to refinance even though they exceeded the maximum allowable loan to value requirements.. this is accomplished by eliminating the need for an appraisal. so if you are underwater, but want to refinance, but couldn't because your LTV was too high, then you could refinance using HARP. Understand that this program expires December 31, 2016.. The program has outlived it usefulness.. Property values have increased, and the majority of folks now have sufficient equity to refinance without needing the assistance of this government sponsored refinance program. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

It's designed for borrowers who have little or no equity in their homes and whose loans are currently backed by Fannie or Freddie. You should check out the links below to each of their websites to see if you are eligible for this refinance without an appraisal. This program ends 12/31/2016Fannie: https://www.knowyouroptions.com/loanlookup Freddie: https://ww3.freddiemac.com/loanlookup/