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How can I refinance if home price is down

Posted: Mon Feb 16, 2009 5:34 am
by miketood78
How can I refi my mortgage if my loan is more than my mortgage?

Refiannce

Posted: Mon Feb 16, 2009 6:03 am
by weinbergm95
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.
http://www.needhelppayingbills.com/html ... _help.html

Re: How can I refinance if home price is down

Posted: Mon Feb 16, 2009 9:32 am
by jMacdouglas1
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.