New HARP 2.0 Refinance Program Expected to Help Thousands of Underwater Delaware Homeowners
HARP 2.0 Refinance Program
Obama Plan Set to Help Underwater Homeowners in Delaware
Unveiled just a few short weeks ago, President’s Obama’s revamped Home Affordable Refinance Program (HARP) is expected to help hundreds of thousands of homeowners nationwide take advantage of today’s low-interest rates says Freddie Mac.
The original HARP refinances, started in April 2009, was semi-successful, but had it’s limitations and was needing a re-haul to continue to provide assistance and hopefully a spark to the Delaware economy.
The goal behind the Obama refinance program is clear, allow Delaware homeowners to reduce their monthly mortgage interest rate. These savings will then be, hopefully, plowed back into the local economy which will add jobs and make a dent in the Delaware unemployment rate. If we can create jobs that will fix the Delaware economy and the Delaware Housing Market.
