by The Ardvaark
Question by : Is there any way to refinance my mortgage if my house is upside down? I mean seriously under water.?
My interest rate is about 6.5% and we owe $ 300,000 on a house that is worth $ 225K. Is there a way to refinance my mortgage without a loan modification?
Answer by Ariaread
No. The only way is to bring 75k in cash to the closing.
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