In January, Fannie Mae and Freddie Mac refinanced about 97,600 loans through the Home Affordable Refinance Program (HARP), of which nearly half represented underwater borrowers, the Federal Housing Finance Agency (FHFA) reported Tuesday. thats mean 47% of HARP Refis. for Underwater Borrowers.
Overall, since the programâ€™s inception in 2009, more than 2.2 million loans have been refinanced through HARP. Of those loans, 1.9 million were for primary residences, while about 215,600 were for investment properties.
Each lender is different. You can call your mortgage company and ask for a loan modification.
You will be asked to provide the lender with information like income, current job, expenses and reason for hardship. You will have to qualify for a loan modification.
For more information you can call me at 702-612-7099 or email me at Rena@cvegashomes.com
Certified International Property Speicalist
Realty Executives of Nevada