There is much in the news regarding the HARP 2.0. Attached is a well written article from Bills.com about the program, it's purpose and how it affects both homeowners and lenders.

With rates being near or at historical lows the Home Affordable Refinance Program (HARP) allows many homeowners to refinance their mortgages even though they may have little or no equity in their home.

What's not in the headlines is that in order for borrowers be eligible for the program their current loan must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. For those who purchased or refinanced after that date you are out of luck… : ( Pick your song; Johnny Cash’s Home of the Blues, Tom Petty’s Hometown Blues or my favorite, Bob Dylan’s Subterranean Homesick Blues.

Additionally, the HARP doesn't sing to homeowners who have Jumbo loans. However, Opes Advisors has discovered some creative solutions for assisting those with Jumbo mortgages to qualify - but, this requires a comprehensive review of your overall financial situation. Over the past few weeks, we have have been able to design effective solutions for some clients who thought they had no opportunity to lower their payments or get a better overall solution to managing their mortgage debt.

Call your lender and discuss possible solutions to take advantage of the historically low rates. Then you may find yourself singing Kenny Loggins’ Celebrate Me Home.

Learn more about HARP 2.0 from this article

Tim Palacios' extensive knowledge of the nuances of the loan process, and his genuine care for his clients has consistently gained him recognition in the top 5% of mortgage loan professionals nationwide.