Can someone please tell me when the new harp2.0 law will go into effect?

The new Federal Guidlines are published but as far as individual lenders that will be a few months. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710#!/pages/ENG-Lending-Cincinnati/171183536269710?sk=wall Or Call Anytime 513-403-6260

The approval of the Harp2 came in December 2011 but Lenders will not have it in effect till March 2012. The product allows for no equity so this product should work for you. Ken GunnGeneva Capital Network"The Real Estate Financing Professionals"1720 Pacific Coast Highway, 202Huntington Beach, CA 92648714-374-3799 office714-374-6752 faxWebsite: http://www.gcnhomeloans.com/kenDRE #01293142"The finest compliment I can ever receive is a referral from my friends and past customers."

HARP 2.0 will be available to the masses in March. Are you certain that you will not qualify for the currently available HARP 1.0? It has the capacity to accomodate those that are upside down as well. Please let me know if you would like to explore this possibility. Christian Stewart @ 714-827-6949 ext. 101

Hi Joel:HARP 2 will be available through lenders sometime between 3/1 and 4/1 next year, however, that doesn't necessarily mean all of them will embrace it, much less implement it. It's their choice. When the original HARP program started in 4/2009, it was only supposed to go through 6/2010, but was extended a year. Desiged to provide refinances up to a 125% LTV, most lenders didn't allow loans with LTVs that high (usually 105% was their max), and the majority of those that did would only do refinances for their own borrowers. HARP 2 has an unlimited LTV, but, here again; lenders must be willing to extend the loans. We currently have a few lenders that will allow up to 125% to all homeowners, so if your home falls into this category I can help you today while interest rates are still very low. Who knows where they will be come April? In order to be able to refinance with HARP 2, your loan must have been purchased by Fannie Mae or Freddie Mac. I can easily determine that for you if you contact me. Give me a call 16/7 at 626-796-7712 or 626-644-2020, and I'll be happy to walk you through the process. Also, click on my picture and you will be redirected to our web site where you can learn more about me and our mortgage brokerage. We work exclusively in CA doing all of our clients' loans here, and know how to get them done fast, at low interest rates, and low costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

The Government has issued the HARP 2.0 guidelines, however the lenders have not published their lending programs to go along with it.. We expect to see these roll out sometime in March... Keep in mind the Government does not lend money, instead they are running Freddie/ Fannie, the companies that insure mortgages against default. Under HARP 2.0, there is no Loan to Value Restriction, meaning if you have negative equity, you can still apply. Also, the lenders cannot charge a premium for high LTV applicants, which is why the current HARP program has failed. You've been invited by several lenders here on this post to apply for the current HARP program, but my suggestion is to wait till 2.0 is rolled out. More than likely, it will be cheaper that what anyone can offer today.. WilliamAcres.com