Listed below are some commonly asked questions regarding the HARP refinance mortgage in Orange / Seminole County Florida :
Q: I purchased my home in 2006 and currently owe a lot more on my mortgage than my home is worth, can the HARP refi program help?
A: Yes! As long as you meet the basic requirements found here. Your homes loan to value ( how much you owe) is not important when doing the HARP refinance.
Q: I understand my loan has to be a Freddie Mac or Fannie Mae owned loan to be eligible for the HARP program – how do I find out which one I have?
A: Please click this link to our web site, there you will find the Fannie Mae and Freddie Mac loan lookup tool. Just input some basic information, and the system will tell you.
Q: I currently make my mortgage payments to Wells Fargo Mortgage, would I be required to contact them for the HARP loan application?
A: No, regardless of what bank you make your monthly mortgage payments to ( Bank Of America, Wells Fargo, Chase, Citi, SunTrust, Regions, etc) we can assist with your HARP mortgage application and pre approval.
Q: I have 2 mortgages on my home, it was originally done as a combo loan. Can I still use the HARP loan?
A: You sure can!
Q: I was told by my lender since I owe more than 120% of my home value they can’t help me. Please help, my interest rate is high and I would like it lowered if possible.
A: Some banks and mortgage lenders may have maximum loan to value caps in place for the HARP refinance, this is not uncommon. We do not, unlimited loan to value is permitted.
Q: Can I be eligible for the HARP program if I have a FHA home loan?
A: No, but you have options! HARP is only for conventional Fannie Mae and Freddie Mac mortgages only. For government loans like FHA, USDA, VA, you have different options. Please click the highlighted links below to learn more about the different government backed refinance programs.
FHA loans – The FHA streamline refinance program
USDA loans – Pilot Refinance program
VA loans– Interest rate reduction loan ( IRRL)
Please visit us at www.FiveStarsMortgage.com for more information on all the different mortgage programs. We are currently accepting HARP Refinance loan requests in ALL 50 states!
Orange Seminole County, Apopka, Bay Lake, Belle Isle, Christmas, Doctor Phillips, Eatonville, Edgewood, Hunter’s Creek, Lake Buena Vista, Maitland, Oakland, Ocoee, Orlando FL, Tangerine, Windermere, Winter Garden, Winter Park and Zellwood , Altamonte Springs, Casselberry, Geneva, Lake Mary, Lake Monroe, Longwood, Oviedo, Sanford, Winter Springs.