Is it wise to refinance my mortgage if i owe more than what is selling for?with all the housing market going down, my loan for my house is more than what my house is worth. i was planning on selling it but that means i would end up owing more. should i wait it out or see if i can get it refinance. i have very good credit.December 18 2008 - Plainfield0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.