Sorry Eduard but HARP is only to refinance your existing mortgage. You can not pull cash out. http://theloanconsultant.com/obamarefinance

Unfortunately the HARP program is only Rate & Term, and does not allow cash out. If the money is needed to consolidate credit card debt, you may want to utilize the HARP program first, then call each credit card company, explain to them what kind of financial hardship you're in & renegotiate the rates & terms for each one. You want to use the HARP program 1st, because sometimes the companies will require you to close your credit card in order to renegotiating the terms (this does impact your credit). Feel free to contact me if you have any questions.

That would be great to be able to take out as much cash using the HARP 2 unlimited LTV program wouldn't it? Or even debt consolidation! You might want to consider doing a 15 or 20 year loan and paying off that mortgage much sooner and saving yourself a ton of interest. The rate son a the HARP 2 15 and 20 year loan are lower than the 30 year fixed. Call me to discuss your options and get an estimate. (951) 215-6119 or go to the link below.http://homeloanartist.com/loan-programs/conventional-home-loans/home-affordable-refinance-program-harp-california-home-owners/

This HARP 2.0 is not going to help you if you need to pull cash out.. WilliamAcres.com

The HARP program is for rate & term refinances only, no cash out. All the best!

NOPE

Sorry Edward you cannot do Cash out on either the HARP 1 or HARP 2 Program...If you would like to do a Rate and Term we can exceed the value of your home to an Unlimited LTV, please contact me scenario@icloseloans4u.com

Even the Reverse Mortgage option would be unavailable with your low equity position. Sorry.

kishaba says - "If you would like to do a Rate and Term we can exceed the value of your home to an Unlimited LTV "WHAT?..........This sounds just like the type of loan that gave our industry a black eye, and a bad reputation. Nothing but trouble.