Report Examines Key Changes in HARP Requirements and How They Will Affect Individual Homeowners
SAN MATEO, CA--(Marketwire - Nov 21, 2011) - Consumer money resource Bills.com today released a consumer-focused evaluation and primer on the recently updated Home Affordability Refinance Program guidelines. Dubbed HARP 2.0, the program aims to make refinancing easier and more widely available to the nation's underwater homeowners.
"This program could serve as a lifeline for many of the 11 million homeowners in the US estimated to owe more than the value of their property," said Ethan Ewing, president of Bills.com. "Of course, there are certain qualifications that borrowers must understand as they begin the process."
The Bills.com HARP 2.0 Report provides a detailed look at the changes to the program guidelines and how each will affect individual borrowers. Highlights include:
In addition, the report examines the context and motivation behind these changes, provides an at-a-glance review of the overall changes, and breakdowns HARP 2.0 eligibility guidelines. The full report is available at URL http://www.bills.com/harp-mortgage/.