The government has announced that they will began allowing home owners whose properties are underwater to refinance these loans regardless of the loan to value (LTV). This new program HARP 2 will began in March of 2012 for all loans that are currently owned by Fanniemae or Freddiemac. One of the major reasons that home owners have not been able to take advantage of the low interest rates has been the lack of equity in their homes. This new upgrade to the Harp program removes that road block and will allow them to refinance regardless of the value of the home. This should help millions of families take advantage of the lower rates by dropping home payments and improving their cash flow. If you would like to obtain additional information please let me know and I can provide the sites and information that will allow you to see if you can take advantage of this new government program.