This morning I was talking with Jennifer Marshall from First Capital Group Inc and she mentioned that the HARP (Home Affordable Refinance Program) had been extended until June 2011. Jennifer has used this program successfully over the last year to lower the interest rate for homeowners who have less than 20% equity in their property and subsequently unable to refinance their home loan. The HARP program is part of the Stimulus Recovery package and it allows a homeowner to refinance their loan up to 125% of the appraised value IF the current loan is a Fannie Mae, or Freddie Mac loan. Without this program homeowners were left with few options, most of which could lead to foreclosure and loss of their home. If you want to know if your loan is owned by Freddie, or Fannie, please call me 415-593-8622 and I can show you how to look it up.

Posted By: Bill Wygant