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· The Home Affordable Refinance Program (HARP) is a federal refinance program targeting underwater homeowners. First announced in March 2009, HARP is designed for homeowners who are current on their mortgage payments, but who haven’t been able to refinance because they have limited equity, no equity or negative equity in their homes.
Mortgage refinancing bill faces tough road – The measure seeks to expand the Obama administration’s Home Affordable Refinancing Program, which saves an average homeowner about $2,500 per year, they said. "Homeowners will have more money in their.
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