Getting The Word Out About HARP
A recent report from the Federal Housing Finance Agency Office of Inspector General (FHFAOIG) concluded that many homeowners eligible for mortgage help under the Home Affordable Refinance Program (HARP) hadn’t availed themselves of the program simply because, unfortunately, they didn’t know about its existence. HPF is dedicated to helping distressed homeowners find sustainable solutions to their mortgage challenges, and it’s essential to get the word out about this vital program.
HPF is just one of many counseling organizations working diligently with the Department of the Treasury to reach out to distressed homeowners about this important potential source of mortgage assistance. Our housing counselors speak with countless callers to our 888-995 HOPE Hotline every day about HARP. We’re proud of the work these professional counselors do, with educating and connecting many to the program who would otherwise have been among those cited in the FHFAOIG report that didn’t get the help they needed when they needed it.
The HARP program will end on December 15, 2015. If you, or anyone you know, might benefit from a HARP refinance, we urge you to call our HOPE hotline at 1-888-995-HOPE (4673) to discuss your options with our counselors.
For more information about eligibility requirements, please see the Making Home Affordable website here.
**HARP is a federal program introduced to assist homeowners who are current on their mortgage payments, but who are nearly, or may be underwater (owing more than the property is worth) by helping them get into lower-risk, more stable mortgage loans. In addition to reducing the monthly mortgage payment, these loans enable the homeowners to begin building home equity.