How can I refinance if home price is down

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miketood78
Posts: 5
Joined: Mon Feb 16, 2009 10:31 am

How can I refinance if home price is down

Postby miketood78 » Mon Feb 16, 2009 10:34 am

How can I refi my mortgage if my loan is more than my mortgage?

weinbergm95
Posts: 18
Joined: Mon Feb 16, 2009 10:57 am

Refiannce

Postby weinbergm95 » Mon Feb 16, 2009 11:03 am

You can't refinance if your home price is down and less then mortgage. The only choice you have is to modify your mortgage. And that can be done and save you money every month on your mortgage payment.
www.needhelppayingbills.com/html/loan_m ... _help.html

jMacdouglas1
Posts: 42
Joined: Sun Feb 15, 2009 11:57 am

Re: How can I refinance if home price is down

Postby jMacdouglas1 » Mon Feb 16, 2009 2:32 pm

miketood78 wrote:How can I refi my mortgage if my loan is more than my mortgage?

That is tough. Modification can work. Using a counselor may work. Tough to refinance yourself though without help.


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