Could there possibly be any advantages in waiting for HARP 3 if I already qualify for HARP 2?

If you currently qualify for a HARP2 loan then I don't see what advantage you would have in waiting for HARP 3.

We have been doing HARP 2.0 since the day they were made available. We are a direct Fannie Seller/Servicer. HARP 3.0 will be for all loans not covered under HARP 2.0, so there will be no benefit to you to wait. Rates just ticked up today by about .25%. Don't wait.www.StonegateMtg.com/PMcCarthy

The next version will probably be geared more toward the non fannie and freddie approved loans, jumbos, manufactured, non warrantables, interest only etc. If you would like to discuss we are available 7 days a week, and we loan in SD.J Lynne800 315 8803www.bartprequalifies.comNMLS # 850582

If you qualify for HARP 2 i would jump all over it and take advantage of the insanely low interest rates.

the harp 3, if it comes out , will be geared for more of the non traditional loans.. private investors.. etc but no one really knows when if fact it took about 1 yr after harp 2 was announced to get the guild lines... so if that is any indication if you are upside down, no mortgage lates in the last 12 months, and are a freddie of fannie loan, please email me and I will look up your address to get your correct value.. this is what makes a harp loan go thru or get declined... linda...

None.. Since HARP 3 is supposed to be for those who don't qualify for HARP 2... And why would you wait.. rates are ridiculously low right now and if you wait, the ship might sale past you... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You should go with the HARP 2 now. No one knows if HARP 3 will ever come out or not and if it does rates could be higher then and it will probably be the same as HARP 2 except allow people who's loan is not a Fannie or Freddie and are underwater to be able to refinance.