Orlando Mortgage Blog

Millions of Homeowners Underwater...Can You Say HARP?

September 7th, 2013 2:48 PM by BILL WILBANKS

According to a report published by RealtyTrac on Thursday, 10.7 million homeowners owe at least 25% or more on their mortgages than what they are worth today. and another 8.3 million are slightly underwater or just barely above it. Underwater homeowners in September now represent 23% of all U.S. residential properties. You may be unable to refinance to take advantage of these low rates available today under standard loan parameters. But read on.

The government Home Affordable Refinance Program (HARP) may be your only opportunity to get help if you owe more than your home is worth. Click on the HARP button to the left to see what this excellent program is all about and whether you may be eligible for the assistance it was created to provide those with equity issues while you still can.

Bill Wilbanks


Posted in:General
Posted by BILL WILBANKS on September 7th, 2013 2:48 PM


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