More than 34,000 Atlanta residents are potentially eligible to reduce their mortgage payments under the Home Affordable Refinance Program, or HARP, according to Federal Housing Finance Agency Director Mel Watt and the National Association of Realtors, who recently participated in a special town hall meeting in Atlanta for community leaders and real estate professionals.
Realtor Linda Carol Porterfield, president of the Georgia Association of Realtors, attended the event on behalf of NAR. With more than 30 years of experience as a Realtor and broker in Georgia, Porterfield knows the local market and understands how programs like HARP can help area homeowners and neighborhoods.
“Refinancing a mortgage under HARP can save eligible borrowers as much as two hundred dollars every month,” said Porterfield. “That amount of money can mean a lot to a homeowner who is underwater or has very little equity in his or her home. As the leading advocate for homeownership and housing issues, Realtors support HARP and any effort of the federal government to help more homeowners by making mortgage payments more affordable.”