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CTyankee

(68,339 posts)

9. I just got one! My old interest rate was 6.6 and now it's 4.5!

Reply to redstatebluegirl (Original post)

Thu Jan 9, 2014, 04:16 PM

Jan 2014

We paid NO closing costs. We were not upside down on our mortgage, thankfully. And we do have excellent credit, which I understand was a big qualifying factor.

There was a bit of a rush to get all the paperwork in, but we didn't have to have a home inspection. It wasn't so bad an experience.

We are very pleased. It's a good deal.

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Has anyone gotten a HARP Mortage? [View all] redstatebluegirl Jan 2014 OP

My friend had an upside down loan Faux pas Jan 2014 #1

That is what I have heard from people. We are going for it. redstatebluegirl Jan 2014 #2

Good for you! Faux pas Jan 2014 #4

I think the lenders don't make much money from the HARP loans Lex Jan 2014 #3

I lokked into it, but without the equity problems a conventional refi was easier bhikkhu Jan 2014 #5

HARPs are still refinances whether you do it through the original lender or another source. bluesbassman Jan 2014 #6

Yes, we saved a small fortune Holly_Hobby Jan 2014 #7

Do you have a MERS mortgage? ms.smiler Jan 2014 #8

I will check and see, thanks for the information. redstatebluegirl Jan 2014 #11

FWIW, here is why I am not re-financing... dixiegrrrrl Jan 2014 #16

I just got one! My old interest rate was 6.6 and now it's 4.5! CTyankee Jan 2014 #9

You may have to find a new lender. You dont have to stay with the same bank. davidn3600 Jan 2014 #10

I did cordelia Jan 2014 #12

Yes. lumberjack_jeff Jan 2014 #13

Yes - it knocked $500 off our mortgage. nt hack89 Jan 2014 #14

In the middle of a HARP refi ga_girl Jan 2014 #15

HARP, or HAMP? dixiegrrrrl Jan 2014 #17