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Open Question: Mortage with negative equity and need to refinance, guidance please.?

Open Question: Mortage with negative equity and need to refinance, guidance please.?

This is a discussion on Open Question: Mortage with negative equity and need to refinance, guidance please.? within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; I have a mortgage and now my equity is in the negative. But how can i refinance, without putting any ...

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Mortgage Refinancing If your current mortgage has a high interest rate, you’re stuck in an adjustable rate mortgage, or you want cash out or to consolidate your debt, the answer to your mortgage problems is refinancing. Mortgage refinancing allows you to pay off the remainder of your existing loan by taking on a new loan with better terms. However, there are a number of mortgage refinancing options available to you. And within each of these options, there are particulars you need to be aware of.

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04-08-2008, 01:37 AM

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Open Question: Mortage with negative equity and need to refinance, guidance please.?

I have a mortgage and now my equity is in the negative. But how can i refinance, without putting any more money in, does anyone have any ideas or gone through this. My loan is fixed right now at 6.25% but will go to a variable rate in 3 years. i'm afraid of staying here and in 3 years, the values going down even more and not being able to refinance at all, anyone have any ideas, or gone through this.

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equity, guidance, mortage, negative, open, question, refinance

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