Many people purchased their home a few years ago and are finding that it is now worth considerably less than what they paid for it. In fact, in many cases the homes value has decreased to the point where the home owner actually owes more on the mortgage than what the house is currently worth. This is called being â??upside-downâ? on your home and is becoming quite common in today's housing market.

It used to be that if you were upside-down on your home that you did not have the option to refinance. Well, with so many people now owing more on their homes than they're worth, the government has stepped in and created a program where you can still refinance even if your home has lost value; as long as the mortgage is backed by Fannie Mae or Freddie Mac. This program is called H.A.R.P. or Home Affordable Refinance Program. Through H.A.R.P., homeowners can now lower their interest rate and monthly payment to get a more affordable and stable loan. RP Funding is pleased to be a lender that fully services their H.A.R.P. loans. This means that every aspect of you loan, right down to payment collection, is done â??in houseâ?. Our goal is to provide you with the easiest home buying and refinancing experience. Servicing our own H.A.R.P. loans will allow us to achieve that goal; no more having to deal with big banks. RP Funding guarantees the lowest rates with exceptional customer service, so call us today to discuss H.A.R.P. and all your other mortgage needs at (321) 397-4420