What is the harp substitute?
What is the harp substitute?
When HARP was discontinued in 2018, two programs replaced it: Fannie Mae’s high loan-to-value refinance option and Freddie Mac’s enhanced relief refinance. Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) that buy mortgages and resell them at more affordable rates to homebuyers.
What does harp stand for?
HARP
| Acronym | Definition |
|---|---|
| HARP | Health Administration Responsibility Project |
| HARP | High Altitude Research Project (NASA study of the upper atmosphere by instruments shot from a cannon) |
| HARP | Home Affordability Refinance Program |
| HARP | Harappa Archaeological Research Project (Pakistan) |
What does harp stand for in dentistry?
admin November 27, 2017. In 1980, the Healing Arts Radiation Protection (HARP) Act (the “Harp Act”) was introduced by the Ministry of Health and Long-Term Care for the purpose of ensuring safe use of X-Ray machines in medical practices of Ontario.
What does harp stand for in military?
The High-frequency Active Auroral Research Program (HAARP) was initiated as an ionospheric research program jointly funded by the U.S. Air Force, the U.S. Navy, the University of Alaska Fairbanks, and the Defense Advanced Research Projects Agency (DARPA). It was designed and built by BAE Advanced Technologies.
What does harp stand for Cold War?
High-Altitude Reconnaissance Plane
What FAR stands for?
Floor area ratio
What replaced HARP program?
Freddie Mac’s HARP replacement is the Enhanced Relief Refinance (FMERR). It has the same goals as Fannie Mae’s option. In order to qualify under this program, you have to meet the following requirements: Your loan has to be backed by Freddie Mac.
What do you need for a second mortgage?
To be approved for a second mortgage, you’ll likely need a credit score of at least 620, though individual lender requirements may be higher. Plus, remember that higher scores correlate with better rates. You’ll also probably need to have a debt-to-income ratio that’s lower than 43%.
