America, meet the most honest and responsible people in the country, Mr. and Mrs. Underwater

I wish Congress only knew what I know.  I wish they could have the conversations I’ve had.  I wish they could meet the people I’ve met.  If they did, they would be proud.  They would be proud to represent these people.  They would be proud to call them Americans.  They would stop the regulations [...]

HARP 3.0 Update

HARP 3.0 (also known as The Responsible Homeowner Refinancing Act of 2013) has been revised and is being reintroduced to Congress.   The bill is relatively simple but would have a major impact to HARP if passed.  The bill proposes simplicity in HARP, changing the guidelines for all lenders to match the guidelines exclusively given [...]

HARP loans for 2-4 unit properties

Most are surprised to learn that doing HARP loans for duplexes, triplexes and four-plexes are not very different from other HARP loans. Here are a few tips that may help current homeowners when exploring these options.   One of the realities about HARP loans are that some of the restrictions can only be determined from [...]

HARP 2.0 Update and HARP 3.0 Primer

One thing I’ve learned about HARP loans is the pop and fizzle… News breaks of updates and expanded guidelines. Lenders are slow to adopt guidelines while customers inquire. Hype slowly fizzles while lenders finalize their guidelines.   The press did a great job prepping everyone for HARP 2.0.  Unfortunately, only a few lenders adopted the [...]

How do I get a HARP loan when my servicer isn’t a lender?

One of the major problems with HARP is there are 2 versions of the program. Most consumers are not aware of this, but there is a version of HARP that only your current loan servicing company can do and another that any lender can participate in.   The troubling part is that the guidelines are [...]

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