The HARP Program comes as great news for homeowners who are underwater in their mortgages. This is a government program that currently helps homeowners refinance if they lost equity in their home, or are severely underwater. Established in March, 2009, it has already helped more than 2.2 million homeowners. Borrowers currently in a Fannie Mae or Freddie Mac mortgage may be eligible for the HARP.

The HARP 2.0 was established in 2012, featuring new guidelines and less restrictions than the original. To see if you have a Fannie Mae or Freddie Mac loan, you can visit their websites at:

www.fanniemae.com/loanlookup

www.freddiemac.com/mymortgage

If you can’t find a match, contact your current mortgage company since you must enter the address exactly how they have it entered into their system. They can tell you who owns your current loan. Or contact us at Prestige for more information, and to determine if you qualify.