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HARP Refinance question

Can I refinance with a HARP if I have equity in my home? by steve._840_433 from Dallas, Texas. Nov 1st 2011 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Yes you can. But depending on how much equity will determine if you should use HARP or just a conventional refinance. Best bet it to contact a local mortgage broker, not a bank, and have them look at your particular scenario. He will be able to put you into the right loan for your particular situation. WilliamAcres.com

Nov 1st 2011
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 1,823 contributions

There are no restrictions regarding equity in a HARP refinance, BUT... Chances are if you have equity, there are better pricing options available to you by not using HARP. Working with a seasoned local Mortgage Banker or Mortgage Broker, will allow you to compare all of your options and select the plan that works best for your situation.

Nov 1st 2011
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Paul Benezra (PaulBenezra)
#50 ranked lender in Washington - 66 contributions

Yes, if your loan is Fanie Mae owned, your properrty may qualify for no appraisal necessary.contact a local mortgage company in your area

Nov 2nd 2011
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