The long awaited, public wide reaching Homeowner Affordability and Stability Plan, also known as HASP, is being rolled out by Countrywide / Bank of America today. Part of the government’s “Making Home Affordable” Plan meant to prevent foreclosures and offer refinance options to eligible customers, this plan is expected to help millions of homeowners stay in their homes.
The details are as follows. The loan products offered are 30yr, 20yr, 15yr, and 10yr Fixed loans along with 5yr, 7yr, and 10yr ARM loans. The refinances are available to customers currently without mortgage insurance and have a strong payment history.
