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Underwater home
#1
If I owed the lender more than the house is worth, can I refinance my home?
 
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#2
Yes you can refinance your home if you owe more money than your home is worth only if you qualify for the HARP mortgage loan. HARP stands for Home Affordable Refinance Program and it is for conventional loan only. The current loan you have has to be owned by Fannie Mae or Freddie Mac no later than June 2009 in order for your to be eligible for a HARP loan.

HERE IS AN ARTICLE I WROTE ON HARP LOANS:

http://gustancho.com/home-affordable-ref...gram-harp/

 
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