h.a.r.p. 2 was designed to improve the original h.a.r.p. that was passed back in '09.oncept behind h.a.r.p. was to help people who were staying current on their mortgage, and they were underwater, and it was a fannie and freddie loan. so if, in fact, you're current, if, in fact, it's a fannie or freddie loan, you may be able to qualify for h.a.r.p. 2, except it must be a loan prior to 2009. now, a lot of people e-mail me and ask, "well, why is 2009 the magical year?" the answer really makes no sense. but basically, they're saying, "people after 2009 knew about the real-estate crisis, so we're not gonna give them a break." you should write to your congressman about that one, by the way. so try for h.a.r.p. 2. you may be eligible for that. now, listen. the other issue's even more difficult. if you're not eligible for h.a.r.p. 2 and if you're underwater, you want to keep your home, the only thing you would try is for a loan modification. if you have hardship, you may be able to go loan mod. and because you're behind in payments, you know, you may qualify. try that. the on

the h.a.r.p.ard about the h.a.r.p. loan? >> absolutely. my banks did not advertise this loan at all. >> after being unable to refinance through traditional routes, well, she was able to get a h.a.r.p. loan of $401,000. >> the great thing about it was the home wouldn't appraise for what i owed on it. and i wouldn't -- i didn't have to worry about a reappraisal. i didn't have to worry about another credit check or anything like that. they just took the loan and pretty much refinanced it without any reappraisals. >> people get the h.a.r.p. program mixed up with loan modifications, but they're very different. for example, in a loan modification, you had to show a hardship. you had to be behind in your payments, which upset many people. with h.a.r.p. -- unnecessary. no appraisal necessary. you submit the paperwork, and if you qualify, you get approved for the h.a.r.p. program just like suzanne did. the h.a.r.p. process allowed suzanne to reduce her mortgage payment about $700 a month. the h.a.r.p. refi