HARP which stands for home affordability refinance program was put into place during the Obama administration. The program applies to most Fannie Mae and Freddie Mac mortgages originated on or before May 31st, 2009. The program was designed to ease the restrictions of refinancing a home primarily the home equity requirement.  HARP eased consumer’s requirements to refinance their home in order to prevent/mitigate missed mortgage payments. HARP has made several changes over the years to target those in need of refinancing, but cannot qualify under the current rules and restrictions.


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