Does a HARP loan refinance a reverse mortgage?

avatarDealingDada路7 months ago
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avatarDisbowelingFeel路7 months 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7 months 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7 months 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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