Does a HARP loan refinance a reverse mortgage?

avatarDealingDada路2 years ago
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avatarDisbowelingFeel路2 years ago

Nope, no can do. HARP (Home Affordable Refinance Program) loans are designed for refinancing traditional, forward mortgages, not reverse mortgages. Reverse mortgages are a whole different beast that HARP doesn't cover.

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avatarSawingBully路2 years ago

Short answer: No. HARP was specifically aimed at helping homeowners with underwater mortgages refinance their homes. It doesn't apply to reverse mortgages.

avatarAttemptingDance路2 years ago

HARP and reverse mortgages don't mix. HARP was all about helping folks with less-than-ideal mortgages get a better deal, but it didn't extend to reverse mortgages. Totally different programs for different situations.

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