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Turn your home’s equity into cash – up to up to 85% of current value. With today’s low rates, see if you meet FHA cash-out refinance guidelines.
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HARP Has Flexible Guidelines | Sapling.com – HARP Has Flexible Guidelines. It’s virtually impossible to get a traditional refinance when you lack sufficient equity. Homeowners who are underwater, owing more on their mortgage than their home is worth, can qualify for a refinance through HARP despite having no equity.
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HARP has many rules and guidelines and all loan officers are up-to-speed on what’s going on. If you’re hearing that you can’t refinance your current mortgage because it has PMI on it, it may.
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