We're looking at a re-fi with the good rates, and I was just told by a loan officer that HARP may be available to us because our loan-to-value is just over 80%. (We have a perfect payment history and great credit scores.) Freddie Mac owns our B of A serviced loan, and our house has lost quite a bit of market value (such a mythical number anyway). Every other loan we've been told about is FHA and carries the dreaded PMI, which I hate! A HARP re-fi does not require PMI.

Has anyone gone through this re-fi program? I would love to know what your experience is.