HARP Refinance

Refinance When You Owe More Than Home Is Worth

Is the Harp 2 refinance mortgage program shaping up to be great news for Raleigh, Cary and Clayton, North Carolina home owners?  Yes.  Unlike many of the previous “government” refinance mortgage programs, the HARP 2 has a real practical effectiveness.  North Carolina real estate owners are lining up as evidenced by the number of applications and inquiries we receive everyday from folks who are ready to take advantage of the HARP program.

Why the optimism in North Carolina?  Simply because the 2012 revisions bring very significant changes to the HARP refinance program for North Carolina home owners.  One of the most noteworthy changes is the fact that you can, “owe more on my home than it is worth” and not be excluded by a North Carolina HARP Refinance Lender.

Is this for real??

Yes – you can owe multiple times – some owe two, three or even four times what their home is currently worth and that may not impact their ability to get a low HARP mortgage interest rate.  Every hour we are fielding questions like, “Do I qualify for a HARP refinance?” or, “Does my Wilmington home qualify for HARP?”

Here is how you can know – Right Now.

Three tests to qualifying for a HARP 2.0 Refinance:

1. Is you mortgage is backed by Fannie or Freddie?  If you don’t know, we can help.

2. Was your North Carolina mortgage backed by Fannie or Freddie by June 1, 2009. [This “backing” procedure could consume up to seventy-five days, so if you got your current mortgage before March 15, 2009 you should not have any issues; but is it was in between Mar. 15 and June 1, let’s investigate it deeper.]

3. You are current on your North Carolina mortgage payments.  HARP 2.0 only allows for 1×30 late in the last 12-months and no late payments in the last 6 months.

If you pass these three qualifiers, refinancing to a low HARP mortgage rate is a reality for you.  If not, and you think you are underwater on your home – you might be faced with a short sale.

Refinance Now!  We talk to folks everyday who have a 5.25% rate, and think that is a pretty good rate – and it IS!  But if we can save you $200 a month or MORE with a no cost refinance then GO For IT!

HARP 2.0 is already seeing a record number of people getting lower house payments in North Carolina. Families all over Raleigh, Charlotte, Wilmington and Asheville are clamoring to get through the HARP 2.0 refinance process.  The program is scheduled to “retire” in 2013 – so don’t wait!

Call Steve and Eleanor Thorne 919 649 5058 NC HARP Refinance Experts.  We want to help you take advantage of today’s best mortgage rates for a refinance!

Learn more about Refinance Programs in North Carolina that don’t require an appraisal at all!



  1. Victor Nesic says

    We purchased our home in April 2004. We got a Mtg thru Wells Fargo and since gotten a second mtg with Citizen Bank. We had PMI but since we been paying for so long PMI dropped off. We wanted to refinance to get a lower intersest rate and save money (Get another 30yr fixed). Approx 2 yrs ago my Wife was injured in a car accident (no fault of her own) and out on disability. They already paid for our vehicle damage. Wells Fargo said that they will not refinance us until after the lawsiut settles. WHY? How can this even be legal? We’ve never been late on any mtg payments whatsoever. Of all things Wells Fargo the company well known for Forclosure lawsuits against them won’t lower our interest rate. Is this just so they can make more money off of us? How is keeping our interest rate high helping them minamize any risk. If the interest rate was lower we would be more certain to pay.
    We’re already a customer with a proven exellent track record. We live in NH and would appreciate any advice, direction or even a name of a good attorney at this point.

  2. says

    If there’s a lawsuit outstanding – they need evidence that you will not have liability of any kind as a result. I know that sounds really silly in your situation, where your wife was clearly not at fault – but it’s a standard question on a loan application because of Title Insurance.

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