Welcome Brooklyn Homeowners! Underwater homeowners of Brooklyn can now breathe a much needed sigh of relief! The Home Affordable Refinance Program part 2 or (HARP 2) officially arrived in March 2012! Eligible underwater homeowners can now save each month by refinancing their loan! The great part is, is that there is no LTV cap with HARP 2! You can literally be underwater on your mortgage by 350% and refinance your home. How crazy awesome is that!?!?!
The Home Affordable Refinance Program is a government program that is helping millions of underwater homeowners nationwide. This is the second version of the HARP program which is sometimes referred to as “HARP 2.0″. The HARP program only applies to homeowners who have a loan that is owned by Fannie Mae or Freddie Mac and your HARP loan must have been purchased by Fannie Mae or Freddie Mac on or before May 31, 2009. To see if you qualify, click below!