Can I Refinance my Mortgage If My Home Is Underwater or Upside Down?

[Administrator]

The burning question for homeowners who find themselves in this situation is “Can I refinance when I owe more on my existing bmortgage/b than my home is currently worth?” Here are several tips to help you answer this question for yourself. b.../b

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(Source: Google Blog Search)

[mlaskey]

Help me understand how to refinance an upside down mortgage.

[mortgageLenderGuru]

No - life isn't fair - but that doesn't mean we should actively use taxpayer dollars to enact ridiculous policy that is also insanely unfair.

If government stepped forward and said, "No bailouts are coming folks. Strap in and pay your mortgage if you can, and pack up and rent if you can't," you would see an immediate change in consumer behavior.

Those who are waiting for the "big freebie" would realize the gig is up and it's time to start paying.

Those who simply can't pay will become renters.

Bondholders will take a nasty bath - and maybe learn a few lessons.

Would it be painless? Of course not - but we'd get through it and we'd return to a much healthier economy in the years to come.

All of these socialistic bailouts are going to have severe consequences.

The real "subprime" mortgage in all of this is our future - because that is what is being mortgaged...

[Rainelli]

thank you so much for posting a valuable information that I really need to know since this is my first time in this kind of industry and I will treasure all the ideas and knowledge that I've learn from here.

[jakehussie]

I want to know about mortage