Harp MortgageWhat are the requirements for a HARP mortgage ?To be eligible for a HARP mortgage, a homeowner must have less than 20%equity in their home. This means that the balance of your mortgage must beat least 80% of the current market value of your house, and may exceed 100%of the value of your house. In addition, you must not have been late on amortgage payment in the last 12 months.Finally, the loan must be owned by Fannie Mae or Freddie Mac, and have beensold to them on or before May 31, 2009. You will not be able to find thisinformation on your mortgage statement, however. In many cases, you willcontinue to make payments to your original lender even after they sell theloan. Go to www.MortgageHow.com or contact me directly to see who ownsyour loan and how i can help you.
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