anyone had luck refinancing with HARP lately?
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Been thinking about refinancing my mortgage and stumbled across some info on HARP. Seems like it could help lower payments, but I'm not totally sure if it's worth the hassle or if there are better options out there. Thought I'd throw up a quick poll to see what everyone's experience has been like:
Have you refinanced through HARP?
- Yep, saved me a bunch!
- Tried it, wasn't worth the trouble.
- Thinking about it, but unsure.
- Nah, went another route.
Feel free to drop your two cents below...
2 replies
I’ve had a few clients go through HARP refinancing, and honestly, it can be a solid option if you're underwater or close to it. The paperwork can feel like a hassle at first, but most folks I've talked to found the lower payments worth the effort. Still, it's smart you're weighing other options too - rates and terms vary quite a bit these days, so shopping around never hurts. Good luck with whatever you decide!
"The paperwork can feel like a hassle at first, but most folks I've talked to found the lower payments worth the effort."
Did your clients run into any appraisal issues? I had someone recently who was borderline underwater, and while HARP seemed promising initially, the appraisal came back lower than expected. It didn't kill the deal entirely, but it definitely complicated things. Curious if others have seen similar hiccups lately...
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