HARP- If you are interested in taking advantage of today’s low-mortgage rates the Fannie Mae HARP refinance program offers to help families get into more affordable and more stable fixed-rate mortgages. Even if you owe more than your home is worth, you may be eligible.

You may be eligible to apply if you meet the following criteria:

• You have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac.
• You do not have an FHA, VA or USDA loan.
• You are current on your mortgage payments and have not been more than 30 days late making a payment over the last year.
• You have a first mortgage not exceeding 125 percent of the current market value of your home.
• The refinance will improve the long-term affordability of stability of your mortgage.
• You have the ability to make the new payments.