“No” doesn’t always mean “no.” At least not when you are trying to refinance your mortgage through HARP 2.0. Here is what HARP lenders won’t tell you.
Will the third try be a charm for HARP? Industry analysts seem to think so. And so does the government.
For underwater homeowners who want to refinance their mortgages, the details of HARP 2 are coming into focus. HARP 2 is a liberalized revision of the Home Affordable Refinance Program. (See Bankrate’s HARP page.) HARP’s goal was to allow homeowners to refinance their loans, even if they owed more than their homes were currently worth.