Did your loan close before May 31st, 2009 and was backed by Fannie Mae or Freddie Mac? Then refinancing with HARP is a great way to lower your payment and interest rate quickly, with no credit check or expensive paperwork. HARP can be a great option for homeowners who are staying in their house for a few more years, have little equity, or owe more than their house is worth (also known as having an upside down mortgage).

• Your loan must be backed by Fannie Mae or Freddie Mac.

• Your loan must have closed before May 31st, 2009.