Here are the enhanced portions of HARP 2.0 and what they mean to you (these details are for those borrowers with an LTV ratio of 80 percent or higher and are refinancing through their same lender): 

Your lender will no longer need to guarantee to Fannie and Freddie that your original mortgage met all its eligibility requirements. 

What does this mean? This means that lenders will be more willing to refinance your loan since they will not be held liable for any errors in your old mortgage loan. Click the link below for the entire article……..

 

Fannie, Freddie release HARP 2.0 details

About these ads