(Los Alamos, NM) November 2, 2011 — Los Alamos National Bank announces its support of the new Home Affordable Refinance Program (HARP) guidelines, which will enable more homeowners who are substantially underwater in their current loan the option of refinancing.
HARP was initially introduced in 2009. The recently announced updates to HARP include provisions that allow homeowners to refinance regardless of how much the value of their home has declined. The program previously was limited to homeowners who owed up to 125 percent of the value of their home. This requirement has been eliminated in an attempt to make the program available to more homeowners, with the ultimate goal of enabling more individuals to keep their homes.
Los Alamos National Bank will be participating in the revised HARP program and available to help homeowners determine eligibility for a refinance through the program. For more information on HARP click on the PDF below or contact us at 505-662-5171.
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