At times, you can make all your mortgage payments and still feel like you're underwater. Refinancing through a HARP2 loan could help you get out from under your debt and start moving toward a better future.
You won't have to add a mortgage insurance if you don't currently have one.
You may get a lower interest rate or shorter term.
Secure a better rate by switching from adjustable to fixed.
Lower closing cost than many refinancing options because appraisals are often not required.
Those who have Fannie Mae or Freddie Mac loans.
People with limited equity in their home.
Those who owe as much or more than the home is worth.
People who have kept up with their payments, but may still have a low credit score.