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Need a Harp 2.0 Loan?
If you are a Michigan home owner that is underwater on your existing conforming or conventional mortgage, you may be eligible for a refinance without paying down ANY principle, without paying mortgage insurance, and in many cases, without spending any money out-of-pocket.
In order to qualify for HARP assistance, the basic eligibility requirements are:
1. Your loan must be backed by Freddie Mac or Fannie Mae
2. Freddie or Fannie should have bought your mortgage prior to June 1st, 2009.
Determine If Your Loan Is Backed By Fannie Mae or Freddie Mac
Unfortunately, Michigan homeowners rarely know who "owns" their mortgage loan. Normally, homeowners receive their monthly statements, and make their monthly payments, to their mortgage servicer. This is usually not the company that provided the funds originally to make the loan.
You can check "lookup" forms on the Fannie Mae and Freddie Mac web sites. However, keep in mind that these web forms are not always accurate as the address would have to be exactly the same as was recorded with Fannie or Freddie.
Or, you can have us check for you:
Your Next Step...
Find out if your mortgage is owned by Fannie or Freddie & Eligible For The HARP Program
After completing the eligibility form, you will be contacted within 24 hours with your refinance options.
If you have any questions or concerns, please don't hesitate to call my office at 248-613-9044 or email me at rfaraj@micsb.com. I am here for you!
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