Thousands of Michigan homeowners are still eligible to refinance under HARP in 2016. Wayne County, for example, had nearly 9,100 eligible homeowners as of June 2015.
What would stop someone from making a move and filling out forms to save an extra $100 or $200 a month on a mortgage payment? Especially if that person lived in a hard-hit housing market and could qualify for a limited refinancing deal that arose out of the housing collapse?More than 30,000 Michigan homeowners fall into the bucket of people who could take action to get a break but haven’t yet for a variety of reasons, including being overwhelmed by the rules. Michigan ranks among the top five states in the country with eligible homeowners who could tap into a money-saving federal program offering refinancing relief.