Among Redwood Mortgage’s refinancing options is HARP or the Home Affordable Refinance Program. Individuals who have kept up with their mortgage payments but have been unable to qualify for traditional refinancing because the value of their home has declined may be eligible to refinance through the Home Affordable Refinance Program or HARP. HARP is designed to help borrowers meeting the criteria obtain new, more affordable and more stable mortgages. HARP refinance loans require a loan application and underwriting process, and refinance fees do apply.