Fannie and Freddie are announcing the HARP program. The president has been talking about it and it was very visible on Bloomberg .  This program is a few weeksold and we have been helping clients with this refinance.  The news today is that they are reducing the 125% Loan to Value to unlimited but this has not been implemented to our level yet, but it is coming.   

Keep in mind this applies to loans only owned by Freddie or Fannie and closed before 5/31/2009. Hence the loan amounts are less than $417,000.   Clients whose loan was an owner occupied and now an investment still qualify!  It is a great opportunity for many borrowers, please make sure anyone you knows reviews this opportunity if they are underwater and still have a job!

Special Thanks to Julie

Julie Myers Bruun

Mortgage Advisor

760-443-9455 direct

856-917-1257 my secure confidential fax

http://juliemyersbruun.phhhomeloans.com

NMLS #277030

Encinitas / La Costa

740 Garden View Ct Suite 100

Encinitas, CA 92024

Olivenhain

162 South Rancho Santa Fe Road

Suite A-30

Olivenhain, CA 92024