If the value of your home has fallen, you may qualify for refinancing under the Home Affordable Refinance Program. Check out this presentation to see if you might qualify.

1. HARP LOANS?
What ARE
See if it could be right for you.

2. Home Affordable
Refinance Program
This program helps homeowners refinance their
mortgages when otherwise, they may not qualify
because the value of their house has fallen.

3. why is it
needed?
Q.

4. Many responsible homeowners
have been unable to get
traditional refinancing.
A.
why is it
needed?
Q.

5. HARP is designed to help by
providing eligible homeowners with
more affordable, stable mortgages.
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6. “To provide access to
low-cost refinancing for
responsible homeowners
suffering from falling
home prices.
President Obama stated that the goal of HARP is

7. Refinancing
can make a big
difference in the
financial life of
a responsible
homeowner.

8. How do I know if
a HARP loan
may be right for me?
Q.

9. At the highest level, HARP loans are
designed to help homeowners who:A.
Q.
How do I know if
a HARP loan
may be right for me?

10. 1 Are current on their
mortgage payments.
2 Have a house that has
dropped in value so
much that they owe
more than it is worth.
&

11. To be eligible
Your mortgage must be owned or guaranteed
by either Freddie Mac or Fannie Mae.
You must be current on your mortgage payments.
And, you cannot have made any late payments for
6 months before you apply.

12. To find out if your mortgage is owned by
either of them, use the loan lookup tools on
their websites.
www.knowyouroptions.com/loanlookup
www.freddiemac.com/mymortgage

13. You can also call their toll free numbers.
1-800-7FANNIE & 1-800-FREDDIE

14. SOMETHING ELSE
TO CONSIDER

15. HARP loans require a loan application, underwriting process,
and loan approval. There are terms, conditions and limitations
including loan to value limitations for HARP loans.
When calculating your fees, make sure that your closing costs
do not exceed the savings you’ll realize through refinancing.

16. For complete details on the Home Affordable Refinance
Program, contact your mortgage servicer or another
lender approved by Fannie Mae or Freddie Mac.
You are free to work with any mortgage lender as long as
they participate in HARP.
For additional details, visit Regions.com/harp.
This information is general in nature and is provided for educational purposes only. Regions
makes no representations as to the accuracy, completeness, timeliness, suitability, or validity
of any information presented. Information provided should not be relied on or interpreted as
accounting, financial planning, investment, legal, or tax advice. Regions encourages you to consult
a professional for advice applicable to your specific situation.