Refinance with the Home Affordable Refinance Program
If you are one of the millions of home owners who home faced massive home value depreciation, and you have continued to make timely payments, you could qualify for a home program known as HARP (Home Affordable Refinance Program). You can refinance now, even if you have been declined in the past, without adding costly private mortgage insurance (PMI) to your monthly payment.
To take advantage of HARP, your home loan must be owned by Fannie Mae.
Click here to find out if Fannie Mae owns your home loan.