The initial thing you have got to glance at is your latest home loan as well as your percentage background. To be eligible for the latest HARP system, you should be current on your own mortgage repayments. Simultaneously, you can not have any payments which were more than thirty day period late within the last 6 months, without more than one overlooked fee over the last twelve weeks.

Bank

One mortgage we wish to re-finance through HARP must be protected otherwise belonging to Frannie Mae otherwise Freddie Mac computer. If you aren’t sure and this bank possess your mortgage loan, you should check your own Freddie Mac otherwise Frannie Mae mortgage standing.

Home loan Sorts of

Become entitled to the fresh new HARP program, you can simply have a traditional financial.

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