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What are the interest rate and other terms of a refinance under HARP?

April 26, 2017Harp Interest rate Refinance terms

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What are the interest rate and other terms of a refinance under HARP?

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The rate will be based on market rates in effect at the time of the refinance and the homeowner will be subject to any associated points and fees quoted by your lender. Interest rates may vary across lenders and over time as market rates adjust. The refinanced loans must have no prepayment penalties or balloon payments.