It took almost 6 months, but we closed yesterday on our HARP refi. Although I went back to a 30 year note, we'll still save almost $40,000 in interest even if we go full term. Payment savings per month = $276. Went from 6.75 % to 4% !!!
This was offered to existing customers of Indymac (OneWest). No closing costs other than the normal funding of interim interest and escrow. No appraisal, no minimum score.
The issue was they got really backed up on these things and our second belongs to Greentree which absolutely drags their feet on subordination requests.
Glad it's over and very happy the fed's decided to help us folks who were not behind or otherwise distressed -- just upside down.
