Law Offices of Charles A. Maglieri
Free Consultations

What is the Relief Refinance Program?

If you are a Connecticut homeowner facing difficult financial times, you may be able to qualify for the new Relief Refinance Program to avoid foreclosure of your home. As TSP Mortgage explains, the Relief Refinance Program went into effect on Nov. 1, 2018, and replaces the now defunct Home Affordable Refinance Program, popularly known as HARP, that went into effect in 2009 after the housing bubble burst in 2008 and existed through 2018.

Essentially, the Relief Refinance Program represents the new and improved version of HARP and offers you many advantages, including the following:

  • You can refinance your mortgage so as to get better terms.
  • You have no loan-to-value restrictions on your new fixed rate loan.
  • The annual adjustable-rate mortgage percentage caps out at 105% of the loan-to-value.
  • You obtain your new mortgage loan through a private mortgage insurance transfer.
  • You have minimal paperwork requirements.


To qualify for RRP relief, you must meet the following requirements:

  • Your new loan must go from one lender backed by Fannie Mae to another or from one backed by Freddie Mac to another.
  • Your existing mortgage cannot be a HARP refinance.
  • You must have closed your original loan on or after Oct. 1, 2017.
  • Your existing loan must have been in place for at least 15 months.
  • You must show that the RRP will provide you with a distinct advantage, such as switching from an ARM to a loan with a fixed interest rate.

While you should not take this information as legal advice, it can help you understand the Relief Refinance Program, the process involved, and what you should expect if you decide to avail yourself of its benefits.

No Comments

Leave a comment
Comment Information

Discuss Your Case With A
Respected Bankruptcy Attorney

Contact my office to discuss your debt relief needs directly with me as your lawyer. I offer a free initial consultation to all new clients where you can learn more about your legal options and what I can do to help you. I am available during regular business hours and by appointment at other times. You can reach me by phone at 860-242-0574 and 860-952-3674 or via email.

My law firm is a debt relief agency as so designated by Congress in the year 2005. I help people file for bankruptcy relief under Title 11 of the United States Code, known as the Bankruptcy Code.

Schedule A Free Consultation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response

Bloomfield Office
34 Jerome Avenue
Suite 203
Bloomfield, CT 06002

Phone: 860-541-5407
Phone: 860-242-0574
Fax: 860-243-0106
Map & Directions

Marlborough Office
9 Austin Road
Suite 201
Marlborough, Connecticut 06447

Phone: 860-541-5407
Fax: 860-243-0106
Map & Directions