Will the new changes to the HARP program help me, if I am upside down?

Yes and no. The changes will include the removal of the 125%
loan-to-value cap and also extend the program to 12/31/2013. They will not
allow borrowers who have already done a refi under HARP, to do it again. Each
lender will be coming out with the specific dates of when they will put the new
changes into effect.

The changes will also allow for the removal of certain
risk-based fees for borrowers who refi into shorter term loans. Also,
eliminating the new for a new appraisal when there is an acceptable AVM
(Automated Valuation Model).


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