HARP 2.0 DU Refi Plus

    By Jesse Tuttle | Small Business

    What is the HARP (Home Affordable Refinance Program) 2.0 DU Refi Plus program?

    HARP 2.0 DU Refi Plus  image HARP2.0 Lg4HARP 2.0 DU Refi Plus The HARP or DU Refi Plus program is the only refinance program that allows homeowners who have little or no equity in their home, or those who own homes that are underwater (the owed amount on the mortgage is more than the appraised value of the house) to refinance at a lower interest rate. This program applies to most loans as well which includes 30-year-fixed loans and the less common 15-year fixed loans. It allows homeowners to take advantage of the current low interest rates. If you are interested in refinancing with a HARP 2.0 DU Refi Plus loan consider the following questions:

    • Is your loan owned by Fannie Mae or Freddie Mac?
    • Was your loan acquired by Fannie Mae or Freddie Mac before May 31st, 2009?
    • Is your loan equity more than the current value of the current market price on your home?
    • Does the loan finance a primary residence, secondary residence, or an investment property?
    • Have you made payments on time for the last six months? Have you had no or only one 30 day late payment in the previous six to 12 months?
    • Has the value of your home decreased?

    If these questions have you nodding your head “yes!” frantically then you may qualify for this program. One of the first steps in knowing if you qualify is easy. You can use the Fannie Mae or Freddie Mac website to look up your loan and see if Fannie May or Freddie Mac owns the loan. You can do so by using the Fannie Mae or Freddie Mac websites.

    HARP 2.0 DU Refi Plus Benefits

    Refinancing with a HARP 2.0 DU Refi Plus loan has many benefits for those who qualify. It can lower your interest rate from previously high interest rates, lower your monthly housing payments, fix an interest rate from previous unfixed rates, and build equity faster through shorter term options. Not only can the HARP 2.0 DU Refi Plus save you money but it can also save you time. Most applications usually do not require an appraisal and the process is fast and smooth.

    HARP 2.0 DU Refi Plus  image harp 2.03HARP 2.0 DU Refi Plus

    This refinance program has been very successful and popular with many of my clients. The story of success that I wrote about in my post “Refinance Your Mortgage” used the HARP 2.0 program and now they are saving $500 a month on their housing payments! Other clients have also commented on how easy the process is. I strongly encourage you to see if you qualify with this program if you fit any of the requirements above. You have nothing to lose and could save so much just by investigating!

    As always, visit my blog at for more information.

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