Question by Dan: Are there currently options for refinancing if you are upside down in your mortgage?
I took out a second and did home improvements to my home…just in time for the market crash. I’m now either barely even, or a little upside down. Are there any options to refi to a lower rate, or do I need to wait for values to climb again?
Answer by skr
Wait. I mean are you planning on going anywhere? If not stay put you really have no choice other than bankruptcy, foreclosure, loan modification or selling the home and taking the loss….not great options are they?
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