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I owe $67,000 more than what my house is worth. Can I still refinance?

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September 24 2011 - Citrus
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Answers (3)

Profile picture for Sean Glaze
There are alternative ways to negotiate with your lenders depending on the connotation of your loan(s).  More information on you situation would help us give you a more specific answer.
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September 24 2011
Profile picture for SigmaWealth
If owned by Fannie or Freddie, the loan would have to have been originated prior to March 2009.
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September 24 2011
Profile picture for Courtesy Mortgage
Financing is avaialble to 125% of current market value if your loan is owned by Fannie Mae or Freddie Mac.   

If your loan is FHA or VA insured there are streamline programs which do not require appraisal.

If none of the above, your only option for refinance would be to bring cash into closing.
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September 24 2011
 

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Profile picture for Sean Glaze
QuestionI owe $67,000 more than what my house is worth. Can I still refinance?
  • Latest answer by Sean Glaze
  • September 24 2011
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