Home Loan After Bankruptcy: What Types of Mortgages Can You Qualify For?
You have options for getting into a home after bankruptcy. Suffering a bankruptcy can seem overwhelming both financially and emotionally. However, you have more options than ever to get back on your feet, including home loan after bankruptcy programs that you may qualify for. Here are some of your top options.
What is a HARP Mortgage?
Is your current mortgage underwater? Discover how a HARP refinance can help you to refinance your loan and keep your home. What is a HARP mortgage? In response to the number of foreclosures after the housing bubble burst in 2008, the Federal Housing Finance Agency started the Home Affordable Refinance Program (HARP). This program was designed to help homeowners who are current on their mortgage payments but are unable to refinance since the amount owed on the loan is more than the value of their home, known as “underwater.” The HARP program is set to expire at the end of 2016 unless Congress intervenes, but that still leaves plenty of time for eligible homeowners to refinance their homes.