Well, that was pretty much my point as regards the current behavior of lendrs.
"Why do you need a HARP loan? Any lender can get you 4.00 or better right now. I can....I own a mortgage company".
It's a complicated piece of property: a SF home, an auxiliary building with both a home office and a rental unit, and a two unit apt. building all sitting on a single zoning lot with two different tax PINs, legal-conforming w/ the right to rebuild "in kind", on a lot zoned R2 in a dense urban are - HARP just happened to be the easy way to do it.
(I've refinanced this parcel conventionally in the past, and believe me: you DO NOT want to be the mortgage broker who has to shepherd this through the appraisal and underwriting process. It can be done - has been done several times - but it's a real PIAT.)
” (I’ve refinanced this parcel conventionally in the past, and believe me: you DO NOT want to be the mortgage broker who has to shepherd this through the appraisal and underwriting process. “
OK, you sold me! LOL!