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dixiegrrrrl

(60,162 posts)

17. HARP, or HAMP?

Reply to redstatebluegirl (Original post)

Thu Jan 9, 2014, 08:32 PM

Jan 2014

I have heard of the Home Again Mortgage Program, sponsored by the Feds.
Some people say it is an effort to start another bubble,

some people say they are trying to re-finance to cover up the illegal paperwork of previous mortgages
( which makes sense, from a crooked bank point of view)

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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