Question Refinance house just before filing

[Hlc]

I was offered a absolute no charge refinance by my mortgage co that will lower my interest rate, with no credit check, cost or nothing. They tell me that this is a goverment program and would close in 19 days. This will lower my monthly payments by $130.00. I do plan on keeping my house after filing. I plan to file in Dec or Jan.

Question is - This will not have any impact on my chapter 7 will it? As I do plan to keep my house and keep paying.

[mrskal]

Any idea what this "government program" is called? I have not heard of anything that closes that fast as of yet. Just curious.

[LadyInTheRed]

Question is - This will not have any impact on my chapter 7 will it? As I do plan to keep my house and keep paying.

If you're income is over median, the lowered payment could make a difference in passing the means test.

Any idea what this "government program" is called? I have not heard of anything that closes that fast as of yet. Just curious.

If it's a Fredie Mac or Fannie Mae loan, it sounds like the Making Home Affordable Refinance Program (HARP) http://makinghomeaffordable.gov/refi...igibility.html

Maybe HARP refinances are being processed faster than HAMP modifications. The lender can run a credit check and charge fees, but they don't have to.