real estate financing

Performance Property Real Estate Question

Refinance Your Mortgage Even With No Equity

Q: Gerald, interest rates are still very low, but I bought my home 10 years ago at the height of the real estate market bubble and I still don’t have any equity.  Is there a way for me to refinance and take advantage of these low rates?  Aaron, Worcester, MA A: Good question, Aaron.  If your mortgage loan is owned by Fannie Mae or Freddie Mac, you may qualify for HARP refinancing with the Home Affordable Refinance Plan (HARP).  The Home Affordable Refinance Program (HARP) was created to help homeowners who are current on their mortgage payments, but have little to no equity in their homes, refinance their mortgage.   So, if you owe as much or more than your home […]

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