I'm one of the lucky ones, who's eligible to refinance under the initial HARP guidelines. We were nervous about the appraisal, but that value came in okay. So we're proceeding to refinance with Wells Fargo, who currently hold our mortgage.
After we initiated this refinancing, the Obama administration announced changes to HARP, to remove the LTV requirements, and (if I understand correctly - please correct me if I'm wrong) to insure title to such extent that other banks would be willing to refinance loans which they did not originate. So if my refinance falls through, I'll take it to a local credit union in a few months, after the new rules have been implemented. So I feel empowered to question anything WF is asking me to sign.
Which brings me to my question, under the squiggle.
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