Unfortunately, there can be a time beyond your control, when your home’s value is less than the amount that you borrowed. While this negative equity may seem like a ball and chain there is a potential solution. The Home Affordable Refinance Program was created to give you an alternative option. Provided your mortgage was owned or acquired by either Freddie Mac or Fannie Mae prior to June 1, 2009, you may be eligible for HARP.
This program may allow you to receive a new, more affordable mortgage, despite your homes’ current value. Our team knows the Colorado Springs’ market and can help keep you in your family home. Just take a few moments and put in a call to our HARP refinancing team to find out exactly what your options are.