+1 vote
asked Mar 11, 2018 in HARP Refinancing by anonymous

1 Answer

0 votes
HARP is a streamline refinance loan program for borrowers with mortgage balances higher than value of home. Monthly mortgage payments are required. Reverse Mortgage is for owner occupant borrowers with equity in their homes who are at least 62 years old who refinance and no monthly payments are required for the life of the FHA LOAN.
answered Mar 11, 2018 by GustanCho (106,540 points)

Welcome to The Mortgage Reports Q&A Forum. Have your questions answered by experienced mortgage and real estate professionals.
515 questions
662 answers
883 users