In case you missed it, the government announced further revisions to HARP back in April, revisions that were designed to make more struggling homeowners eligible. The HARP program which is a part of the Making Home Affordable Program had been less than successful and certain revisions have been made to attract further interest.  Here are some of the highlights of those revisions:

• An extension of the ending date from December 2012 to December 2013 this change may allow those whose eligibility was affected by late payments to get current.
• Removal of the cap on LTV formerly at 125%. With the upper limit removed those homeowners who saw there home values drop sharply will now be eligible.
• Reduction or removal of certain fees and requirements for the refinance. For some struggling homeowners the additional fees and paperwork were a stumbling block to refinance, the new HARP program has reduced much of that.

Some of the program requirements remain the same. HARP still is only available to those with Fannie Mae or Freddie Mac secured mortgages and many other qualifications remain unchanged. If the original program did not fit your needs, take a moment to go to the government website and re-assess your eligibility. You may find that the programs changes will make a refinance under this program more attractive now. Certainly the removal of the LTV cap will make those homeowners whose home is in a severely impacted market better able to refinance.

How to get a home affordable refinance program begins with your current lender, though it may not end there.  Contact your current lender to determine if your current mortgage is backed by Fannie or Freddie, if so you can then proceed with your current lender or if you are not satisfied with them look elsewhere for a program .

One of the places to look is the LoanexFastCash.com which has connections to experts and lenders who can help you through the whole process. With the whole mortgage process a mystery to many, having someone to assist you in the process can help to a successful conclusion. Let us help you prevent foreclosure and protect your family’s greatest asset.