Miramar HARP Refinance


Let’s say you have been timely with your mortgage installments but for some reason nobody wants to allow your home to be refinanced because of its declined value? Luckily, there are ways to take out a refinance mortgage on your home faster and more effective than previously available. Welcome HARP, aka the Home Affordable Refinance Program. So now you ask what exactly is a Miramar HARP refinance?

The Purpose of HARP

Created back in March of 2009, Miramar HARP refinance hopes to provide refinance mortgage loans to homeowners which owned homes that dropped in value. The purpose of this was to prevent the U.S. housing bubble of 2006. This program however was created exclusively for homeowners who are current on their mortgage installments, but instead have been effectively paying their home loan down.

Who’s Eligible

Same as any other government program, Miramar HARP has many requirements. Here is a closer look at some:

Only mortgage loans secured by either FNMA or Freddie Mac are covered by HARP.
Home Loans must have been closed and funded before May 31, 2009.
Homeowners can’t have been delinquent on any home loan payments, for the 6 months prior to requesting a Miramar HARP refinance.
The home’s Loan To Value (LTV) ratio must be in excess of 80%

There needs to be some type benefit to the homeowner in terms of their mortgage payments or stability in mortgage.

How do you benefit?

The HARP refinance has many measurable benefits. One example would be, if you still have a $150,000 mortgage on a now $120,000 home, you could have your mortgage remortgaged. As such, you pay off the Miramar mortgage faster than before. In addition, the monthly mortgage payments you apply will most likely be much smaller than you are currently paying.

If your residence has gone down in value and you want to refinance your mortgage, then Miramar HARP refinance mortgage is for you. If you require further information, or would like to contact an expert about Miramar HARP refinances, feel free to call us at (877) 442-4023 or complete our rate quote form.



Contact Us


1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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