what is HARP home mortgage thru Wells Fargo — i would like information on what it is —it is about refina?

Posted on Jan 30, 2013 in HARP Refinance

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Question by Harold M: what is HARP home mortgage thru Wells Fargo — i would like information on what it is —it is about refina?
I received a letter from my home mortgage bank to refinance my home mortgage and it will called HARP Three Step Express and i was wondering what that is

Best answer:

Answer by skr
It’s a sweetheart deal. They will give you a few options on term and the rate is a fixed rate mortgage. It basically refinances what you currently owe with no cost to you. Now the rate is a tad bit higher than what you see online but the trade off is you pay NOTHING out of pocket. You will get a close at home package and all you do is notarize it and mail it back in. For most it’s a win- win situation, more about they can either lower payment or term.

HARP stands for Home Affordable Refinance Program and this is what the government initiated, generic so you must have Freddie Mac or Fannie May as your investor.

They will expire soon so you should take advantage of it.

You are welcome to contact me I work there 😉

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