Keep the Information Flowing
Small contributions go a long way. Your donation to Consumer Action, a 501 (c)(3) nonprofit, nonpartisan organization, can help us cover the cost of research, writing, and translation of our materials. To keep our services free for those who need them. Select an amount to give.
Released: April 12, 2013
HARP refinance program for underwater borrowers extended
Source: E. Scott Reckard, L.A.Times (Free Registration)
A popular government program enabling underwater borrowers who are current on their mortgages to refinance at lower rates will be extended for two more years. The Obama administration's Home Affordable Refinance Program had been scheduled to expire at the end of this year. HARP now will run through 2015.
To qualify, borrowers must owe more than 80% of the current home value. They can't have missed a payment for the last six months and are allowed to have been late by 30 days only once in the last year.
Read Full Article: HARP refinance program for underwater borrowers extended
Quick Menu
Support Consumer Action
Join Our Email List
Consumer Help Desk
- Help Desk
- Submit Your Complaints
- Presente su queja
- Frequently Asked Questions
- Links to Consumer Resources
- Consumer Service Guide (CSG)
- Alerts
- Consumer Booknotes