Random Software Group
Random Software Group
Random Software Group
8912 E Pinnacle Peak Rd F9145, Scottsdale, AZ 85255
John E. Herrick is a graduate of the Sandra Day O’Connor College of Law at Arizona State University.
· Certified by the Arizona State Bar as a specialist in family law since 1990
· Designated as a fellow in the American Academy of Matrimonial Lawyers since 1984
· Listed in Best Lawyers in America in family law since 2008
John is a frequent lecturer in family law to other lawyers and professionals. His talks have been presented at family law seminars of the Arizona state bar association. Some of his topics dealt with:
· International custody and child abduction
· Negative equity in current economic environment
· Obtaining an award of attorney fees
· Jurisdiction between different states and Arizona
· Covenant marriage
· Elder law and divorce
· Custody and visitation
· Relocation of children
· Treatment of social security issues in divorce
· Stock options and their treatment in divorce
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Do you qualify for the HARP Refinance Program?
HARP simply stands for “Home Affordable Refinance Program” and was implemented in April of 2009. It is designed to help “underwater” homeowners refinance and take advantage of historically low interest rates. Your loan must be owned by Fannie Mae or Freddie Mac in order to take advantage of the program.
To find out if your loan is owned by either of the aforementioned government agencies you need to look up your address at both of the following websites:
Fannie Mae:
Freddie Mac: (requires last 4 of primary borrowers social security number)
FHA, USDA or a Jumbo loans are not eligible for the HARP Refinance Program.
Questions and Answers
Is the HARP Refinance Program synonymous with the “Making Home Affordable Program”?
HARP and “Making Home Affordable Program” are one in the same.
I have determined that my loan is owned by Fannie/Freddie, so now what do I do?
You need to call a local lender who can get you qualified to take advantage of the program. Keep in mind that not all lenders are able to work with the HARP program so find that out first before you give them all your information.
My mortgage is backed by one of the “Major” lenders, so does that make me eligible for the HARP Refinance Program?
Not necessarily. Most home owners think that since they are sending their payments to “The Big Bank” that they actually own their loan, when in fact they are just the servicer who collects your payments for Frannie/Freddie. It is best to use the look up tool to find out exactly.
What if neither Fannie nor Freddie owns my loan?
If your loan is NOT owned by either Fannie/Freddie then you may still be eligible for refinancing through other programs. One being the FHA streamline refinance where an appraisal is NOT required as long as you currently have an FHA loan.
Are mortgage rates the same under the HARP refinance program?
Yes, there are no “Premium” price adjustments so you will be offered the lowest rates based on your credit criteria as are offered to anyone else.
If I’m behind on my payments; am I eligible for HARP?
No, you must have made the last 6 months of payments on time and have only been 30 days late 1 time in the past 12 months.
I pay mortgage insurance as part of my payment. Do I have to continue to pay it with the new lender?
Yes. The mortgage insurance will transfer to your new loan but you will not have to pay a higher premium as a result.
I DO NOT pay mortgage insurance now so will I have to pay mortgage insurance with the new HARP 2 loan since my LTV (Loan to Value) is a lot higher?
No, you will NOT have to pay mortgage insurance if you currently do not pay it.
How much of a mortgage can I get with the HARP 2 refinance program?
HARP loans limited to conforming loan limits which can be vary based on what city the property is in. Generally speaking they are capped at $417,000 but can go as high as $625,000. It’s best to check with your lender to determine the correct limit.
I have an investment property, am I eligible for the HARP refinance program?
Yes you are! You can also refinance a second or vacation home as well under the new HARP 2 guidelines.
Are CONDO’s eligible for the HARP refinance program?
Yes, they are, however, the Warrantability standards still apply. Check with your lender to determine condo eligibility.
Can I roll the closing costs in the HARP refinance program?
Yes, you can roll closing costs into the loan as long as you do not go over the loan limits set for your specific city.
I’m unemployed and have no income. Am I eligible for the HARP refinance program?
Yes you are eligible as long as your new payment does not increase by more than 20 percent.
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(305) 891-0110
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Related Coverage - North Miami Pedicure and Manicure Promotion! North Miami Custom Nail Designs and Styles by Exquisite 10 Nailz
Manicure Tools And Materials
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Ledgewood Builders
207-408-4565
http://bit.ly/xOSd9R
Specializing In Custom Cabinetry and Woodworking, Bath and Kitchen Cabinetry, Custom Interior Trim, Deck's and Pergolas, Entertainment Centers and Built-Ins, Fully Insured, Home Additions
• Custom Interior Trim
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Moving to Centennial? Here is some free information about Centennial and moving to Centennial Colorado
We can help when you are planning on moving to Centennial; and we don't charge a single cent to help.
Here's a little more free information on Centennial, Denver's newest south east metro suburb...
The city of Centennial is labeled a Home Rule City positioned in Arapahoe County, Colorado, and is portion of the Denver-Aurora metropolitan area.
Centennial is the tenth-most populous urban area in the state of Colorado, and its 2001 incorporation was the biggest in U.S. history. Centennial is rated as the 15th safest city in the country.
Centennial was created February 7, 2001, from portions of unincorporated Arapahoe County, including the former Castlewood and Southglenn census-designated places.
The citizens of the area had voted to incorporate on September 12, 2000, choosing Centennial as the recognized name during the vote.
The name reflects Colorado’s entrance to the Union as the 38th state in 1876, the centenary year of the United States Declaration of Independence.
Incorporation was agreed on by 77% of the voters, and the residents of the community at over 100,000 made it the biggest incorporation in U.S. history as of its transformation.
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