To Refi or not to Refi

TO REFI OR NOT TO REFI

Having trouble refinancing? The government run HARP program may be just what you’ve been looking for. In this era of tough lending restrictions, many independently employed home owners are having a difficult time passing the muster to refinance their home with conventional lenders.

As an independent contractor myself, I took advantage of this program 2 years ago and it took me 20 minutes to answer the questions over the phone with my then current lender, and be put into the HARP program. It was the easiest refinance I had ever done.

This program will be available until the end of 2015 so this might be the time to look into it, with rates at historical lows. Here is the link to the government site that discusses all the parameters needed to qualify. Take advantage while you can.

http://www.makinghomeaffordable.gov/programs/lower-rates/Pages/harp.aspx