Tag Archives: than

Should I refinance if i owe more than my house is worth?

Question by chirailfan: Should I refinance if i owe more than my house is worth? I have two mortgages, 1 is a 30 year fixed at 6.5% and another at 8.5% interest only. If you combine the amount i owe … Continue reading

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Q&A: What options are available for those of us paying our mortgage but hm is now worth less than the borrowed amt?

Question by Krista C: What options are available for those of us paying our mortgage but hm is now worth less than the borrowed amt? I bought my home 2 years ago for $ 339,000, it was appraised at that … Continue reading

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What refinance option should I choose? My home appraised higher than current mortgage.?

Question by Adam: What refinance option should I choose? My home appraised higher than current mortgage.? Hi. I am trying to refinance our current home. Currently, we have a rate of 5.25% on a mortgage with a home value of … Continue reading

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Q&A: can you refinance even if your property is worthless than you owe?

by marsmet526 Question by sphix: can you refinance even if your property is worthless than you owe? I have mortgage that is more than what the house is worth in this market, is refinancing option still available? Best answer: Answer … Continue reading

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how do i refinance my house when I owe more than it is worth?

by truliavisuals Question by HomeownerEAC: how do i refinance my house when I owe more than it is worth? Our Adjustable rate mortgage is about to “adjust”. Unfortunately home values have plummeted in our area. We want to refinance to … Continue reading

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How to refinance when your loan is higher than your home’s value?

by truliavisuals Question by amdollar: How to refinance when your loan is higher than your home’s value? In this day of recession and economic downturn with no upside, all I hear is that people should refinance now. An example: If … Continue reading

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Can we refinance a house that is now worth less than the mortgage?

Question by Danny S: Can we refinance a house that is now worth less than the mortgage? We bought the house in 2006 for about $ 251,000, put 20% down and have a mortgage of about $ 194,000 left for … Continue reading

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Why is a refinanced home different than original mortgage ?

Question by zuesinhimer: Why is a refinanced home different than original mortgage ? I refinanced last year to keep from losing the home..I am in Fl..I want to sell it but the realestate agents want so much..I would make NO … Continue reading

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Should I refinance with less than 5 yrs left on my current mortgage?

Question by Robert: Should I refinance with less than 5 yrs left on my current mortgage? My mothers owes about $ 20,000 on the house making monthly payments of nearly $ 1,000.00 (not sure of the interest rate). The home … Continue reading

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I am paying PMI on my mortgage. If my home value reaches 20% in less than a year can I refinance out of PMI?

Question by questions: I am paying PMI on my mortgage. If my home value reaches 20% in less than a year can I refinance out of PMI? I am a 1st time buyer / new home owner who hasn’t even … Continue reading

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