The New Jersey HARP Refinance Program is Alive and Well

NJ HARP Refinance Program Alive and WellThe New Jersey HARP Refinance Program is alive and well, but often times misunderstood.

As recently pointed out on the Chrisman Report (please see below),  many Borrowers are not even thinking they are eligible for the New Jersey HARP Refinance Program.

What is a wine frig? It is a refrigeration storage unit that doesn’t get that cold – kind of like the broken frig in your college dorm. I bet a lot of people didn’t know that. And maybe, it seems, a lot of people don’t know that they can refinance. But Fannie & Freddie’s shepherd – the FHFA – is here to not only help but to use some of its advertising budget in doing so, and says that as many as 2 million borrowers with mortgages backed by Fannie Mae and Freddie Mac can refinance with HARP. “There’s a perception among some that you’ve got to be delinquent in order to have some government-sponsored program that can help you,” Edward J. DeMarco, acting director of the FHFA, said in an interview. “What we want to do is correct that misperception.”

To refinance through HARP, New Jersey borrowers must be current on their loan payments and have Freddie Mac- or Fannie Mae-backed mortgages.

Check New HARP Refinance Eligibility

Check New Jersey HARP Refinance Rates


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