I have both a first lien and a second lien mortgage. Do I still qualify for a refinance under HARP?

As long as the amount due on the first lien mortgage is less than 125% of the value of the property, homeowners with more than one mortgage may be eligible for a refinance under HARP. Your eligibility will depend, in part, on two additional requirements:

  • The lender that has your junior lien mortgage must agree to remain in a junior lien position.
  • You must be able to demonstrate your ability to meet the new payment terms on the first lien mortgage.
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