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July 15, 2014

Are you Leaving Money on the Table?


Do you have little or no equity in your home? Would you like to refinance but don’t think you qualify? Do you want to save money every month?

If you answered "Yes" to these questions, you might be one of the 675,000 eligible "in the money" homeowners that could save about $200/month by refinancing through HARP, according to the Federal Housing Finance Agency's (FHFA) recently released interactive map of HARP eligible loans.

In the Money

If the interest rate on your mortgage is at least 1.5% above the current market rate (as of July 10, the average 30-year fixed mortgage rate was 4.15%), you have a mortgage balance of more than $50,000, and more than 10 years left on your mortgage – then you are potentially an "in the money" homeowner that could save money each month with a HARP refinance. 

Get Started

So what are you waiting for? Interest rates are still near historic lows and the time to refinance and save is now. Get started and find out if you may be eligible for HARP:

  • See if Freddie Mac Owns Your Loan
  • Check Your Eligibility for HARP
  • Learn More About HARP
  • Get Prepared and Call Your Lender
  • Find a HARP Lender

You can also call the HOPETM Hotline at (888) 995-HOPE to reach trained housing counselors who can provide free advice and discuss your options.

The Home Affordable Refinance Program®

The Home Affordable Refinance Program or HARP is a federal program that helps homeowners with little or no equity in their home refinance their Freddie Mac- or Fannie Mae-owned home loans. Since 2009, HARP has helped more than 3.1 million homeowners refinance into a more stable mortgage and save money.

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