HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
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I have some important news to share for those whom have been wanting to do a Fannie HARP Refinance but may not have previously qualified due to no documentable source of income.
Currently, for...
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
flee, sorry for the delayed thank you (for the kind words). Sandy did a real job on those of us in the Northeast.
There have not been many posted questions lately and I just wanted to share...
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
What is the average turn around time for one of these? I am in the process with my existing lender and submitted the application back in late July. The contact I was working with said about 60 days...
HARP 2.0 updated thread
Expired
Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
As my initial thread was deemed too old to add comments, I thought it may be appropriate to ressurect a new HARP 2.0 thread as there are many who have questions.
Back on March 19th, all new HARP...
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
Adam, Just want to say thanks for all the posts and also sent you a pm.
Looking to get 15 year refinance on Investment property through HARP but a little frustrating to find someone.
1) BofA....
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
Well according to my research of the official HARP 2 guidelines, as long as the borrower has a good payment history (no late payments etc) income verification isn't supposed to be necessary unless...
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
Hi, I'm a realtor I have a fannie mea loan acquired 11/2007 my loan is 164,000. and market value is 290,000. my interest rate is 6.0 and i'm 5yrs into a 30yr. My income is pretty much non existent...
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
When I checked with Fannie a few months ago, they did not acquire my loan so I wrote off HARP and forgot about it.
So then just now I tried the Freddy link and it turns out they did acquire my...
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
The date of prior to June 1, 2009 is still required and while there are indications of some further easing of some requirements to qualify the dates for when current loans were purchased by Fannie or...
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
I truly give thanks for a life that provides me to even have SlickDeals.
To all the SD Finance Forum, Happy Thanksgiving!
-Adam
Old Hippy & Mortgage Pro
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
I used Adam (tiedyed1) for my harp freddie REFI. Closed a couple weeks ago. Went down to a 15 year 3.25% loan from a 30 year(24 remaining) 6.125% loan. My payment went up $40-45 but I am knocking...
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
Just closed last night, initial phone call was made July 23rd, 2012 so about 90 days from first phone call to close. I stayed with the same lender. My final rate was 4.0%, so 1.875% less than the...
HARP 2.0 updated thread
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Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
Oh, this is all useful reading
HARP 2.0 updated thread
Expired
Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
HARP is a very popular refi product for those whose loans qualify.
Keep in mind that it is for both owner occupied and investment properties and is a great product, especially for those whose...
HARP 2.0 updated thread
Expired
Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
Hello? Anyone still alive on this thread?
HARP 2.0 updated thread
Expired
Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
I'm not in the broker field so I don't have the answers. I would think that income verfication would be a major issue. I also saw the Green Tree reviews so I am reluctant to have anything to do with...
HARP 2.0 updated thread
Expired
Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
Your loan is HARP eligible and, as you noted, your income is not straight forward, which leads me to a few questions.
1. The $2400 from S.O. is for what? Rent? Child support? Other?
2. Your...
HARP 2.0 updated thread
Expired
Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
My mortgage has been with BofA for the past couple years (after they acquired it from Countrywide). A couple of days ago I received a letter stating that they are transferring the servicing of my...
HARP 2.0 updated thread
Expired
Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
Just wanted to give this thread a bump as there is some chatter about new HARP parameters being addressed within Obama's State Of The Union Address tonight.
I am not looking to get political (so...
HARP 2.0 updated thread
Expired
Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
It has been a couple of months and I want to update this thread to alert borrower's that HARP has been extended through December 31, 2015 (two more years).
Pricing is really as good as it has been...
HARP 2.0 updated thread
Expired
Thread created 08-11-2012 by tiedyed1
+3 Score
20 Replies
4,856 Views
One important factor not previously discussed is the differences between a Fannie Mae HARP Loan (known as DU Refi Plus) and a Freddie HARP loan (known as Freddie Open Access).
There are many more...
