Matt Sundermier's Memos on Real Estate & on Life

Many clients are very interested in how the improvements to the Home Affordable Refinance Program (I call it HARP 2.0) could help them, and rightfully so. The recent announcement is unprecedented, as it will allow many homeowners with loans backed by Fannie Mae or Freddie Mac to refinance regardless of their loan-to-value ratio. There is much to be excited about for American homeowners that have toughed it out to keep their mortgage current despite being underwater on their home. HARP 2.0 has the potential to be the missing life-line that middle-class America has been looking for since the economy soured in 2008.

Keep in mind the HARP enhancements are not available yet, and it’s likely to take several weeks for banks to figure out how to implement them. In the meantime, you will hear “chatter” amongst friends, family, and other mortgage companies about the HARP improvements, and inevitably some of the hearsay will be incorrect. If you are interested in staying up-to-date with the latest, accurate HARP news, I ask you to get in touch with me. I will be devoted to sharing the real scoop in the coming weeks with those who are interested, and preparing my business to help as many folks as possible once the HARP improvements become available.

Also, please share this news with anyone you know who may benefit from a refinance in today’s tough economy. I am always honored and grateful for the confidence my clients place in me to care for their friends, family, and colleagues. Thank you in advance for your trust and referrals.