This is a subject where I've received conflicting answers, so am asking here...a few years ago, I had a successful HARP 2.0 refinance (with positive equity, but over 80% LTV), with my HELOC lender agreeing to re-subordinate. And, I am aware of the HARP's restriction against any new secondary financing. FreddicMac is the owner of my HARP 2.0 mortgage.
My house's value has since recovered well since the HARP refinance, so I am asking: Is the restriction against any new secondary financing permanent as long as I still have the HARP 2.0 mortgage? Or am I allowed to refinance my HELOC? I'm hoping for a clear answer from someone who really knows the HARP legalities well.
My house's value has since recovered well since the HARP refinance, so I am asking: Is the restriction against any new secondary financing permanent as long as I still have the HARP 2.0 mortgage? Or am I allowed to refinance my HELOC? I'm hoping for a clear answer from someone who really knows the HARP legalities well.