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If Freddie Mac owns your mortgage and you are timely with your mortgage payments but unable to refinance because you have little or no equity in the home, you may be able to refinance to a lower interest rate or more stable mortgage through the federal Home Affordable Refinance Program (HARP). This program is designed for homeowners who have not been able to refinance due to a decline in the value of their home. Visit our secure Loan Look-up tool to see if Freddie Mac owns your loan.

Freddie Mac's implementation of HARP may help you obtain a monthly payment you can afford, and must result in one or more of the following:

  • A reduction in your interest rate and or your monthly principal and interest mortgage payment.
  • A fixed-rate mortgage in place of an adjustable-rate, interest-only, or balloon/reset mortgage.
  • A reduction in the term of your mortgage (e.g., from 30 years to 15 years).

Contact Forum Mortgage today to discuss your HARP eligibility.