What is the Harp Program NC?
The Harp Program NC, or Home Affordable Refinancing Program, is a federal program designed to help homeowners in North Carolina refinance their current mortgages. The program is designed to help homeowners who are struggling to make their monthly mortgage payments due to a decrease in their home’s value or other economic hardships. The program has been in place since 2009, and it has helped thousands of homeowners in the state of North Carolina.
How Does the Harp Program NC Work?
The Harp Program NC works by allowing homeowners to refinance their current mortgage at a lower interest rate or with a different loan term. This can help reduce the overall cost of their mortgage payments and make it easier for them to stay in their home. To be eligible for the program, a homeowner must have a loan backed by Fannie Mae or Freddie Mac and the loan must have been taken out prior to June 2009. Additionally, the homeowner must be current on their mortgage payments and their home must have decreased in value since they took out the original loan.
What Are the Benefits of the Harp Program NC?
The benefits of the Harp Program NC include lower monthly mortgage payments and the ability to refinance their current loan without having to pay for costly closing costs. Additionally, the program allows homeowners to refinance their loan even if they owe more than their home is worth. This can be a great help to homeowners who are struggling to keep up with their mortgage payments due to a decrease in their home’s value.
What Are the Requirements for the Harp Program NC?
In order to be eligible for the Harp Program NC, homeowners must meet certain criteria. They must have a loan backed by Fannie Mae or Freddie Mac and the loan must have been taken out prior to June 2009. Additionally, they must be current on their mortgage payments and their home must have decreased in value since they took out the original loan.
Where Can I Find More Information About the Harp Program NC?
If you would like to find out more information about the Harp Program NC, you can contact your lender or visit the official website at harp.gov. The website contains a wealth of information about the program, including eligibility requirements, frequently asked questions, and more. Additionally, the website has a list of lenders that participate in the program, so you can contact them to find out more information.