HARP PROGRAM

The Obama Administration has enhanced the HARP program to help homeowners and investors refinance underwater mortgages. This is a great way to increase cash flow on your investment real estate.  

• NO LTV limits (use to be 125%)
• Eliminating certain risk-based fees for borrowers
• Eliminating appraisals (allowed to use AVM (Automated Valuation Models)Extend the HARP date to Dec. 31 2013

• Their home must be serviced by Fannie Mae or Freddie Mac (send Jesse Byrer registration form and I will verify)
• Loan must have been sold to Fannie Mae or Freddie Mac before 5/31/2009
• Borrower must be current (no late payment in the last 6 months/ no more than 1×30 in the last 12 months)

I’ve attached a registration form to find out if your investment property will qualify: Click Here  

Email or Fax completed form to Jesse Byrer

This entry was posted on Tuesday, October 25th, 2011 at 5:10 pm and is filed under Uncategorized . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.