re: Mortgage refining through HARP program?

quote:

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9 out of 10 of eligible Homeowners fail to take advantage of this government program. If you are current on your mortgage, with or without equity, then you are eligible for this program.

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Don't worry, it's not the free lunch that the gubment makes it out to be.

You have to meet a very narrow set of rather arbitrary criteria to qualify *and* your lender not only has to participate, but agree to refinance you through HARP (as opposed to a private refi or mod).

This is only after they agree to actually refi or modify your loan. Often, lenders force you into a short sale or foreclosure/deed in lieu because the homeowner has already proven to be a less than stellar credit risk.

This should read "9 out of 10 homeowners fail to be lucky enough for this gov program".