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Do we have any refinance options?

We have home with a mortgage of $150,000. The estimated appraised value is now between $125,000 and $130,000. The mortgage is not a FHA, Freddie or Fannie mortgage. We have been told by several companies that because of this we do not qualify to refinance. Our credit is excellent and we are current on our mortgage. We need to refinance. Do we have any options?
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November 16 2012 - Anderson
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Answers (2)

Estimated appraised values are often inaccurate, but they're close more often than not.   As far as I know there isn't anything available out there over 100% LTV (and it has been some time since there has been).  Some people in your shoes have had success with requesting a loan modification (not a refinance) directly from the lender.  Many more have been frustrated by that process.  It doesn't hurt to call and ask them about it.   

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November 16 2012
Only if you bring cash into closing.
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November 16 2012
 
Related Questions
Do we have any refinance options?
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Latest answer by T.C. Whiting
November 16 2012 | 2 answers
  • Asked by user6176330
  • In Refinance
  • November 16 2012
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