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Is there any lender who will refinance a jumbo upside down loan? Have great credit,current payments.

  • June 30 2009 - San Jose
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Answers (14)

Profile picture for user2041292
I know of a bridge loan lender that will buy your mortgage note from you bank at a discount and then restructure your loan to a lower total amount due (usually at 80% LTV). Then, you refinance the new mortgage and have a mortgage that is less than the current market value.  My business partner and I have started working with this lender to help others with upside down jumbo loan mortgages.  

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 Of course, you may never see this posting if Zillow thinks we are trying to market or something - I just don't know of another way to get you the help without posting our number.
  • April 12 2013
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  • December 01 2012
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  • December 01 2012
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  • July 07 2012
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Did you find a solution to your Upside Down Jumbo Refinance question? 

If not, there's a new restructure program from BuyBackCapital.com  that is not a short sale or loan mod. but allows you to KEEP your home, save thousands (possibly hundreds of thousands) without any credit harm or tax issues.  It's really quite simple and can be done with little or possibly even, NO long term expense.  It can even work if someone had poor credit or missed payments.
  • March 20 2012
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  • January 08 2012
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  • December 12 2011
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The HARP program is expanding the LTV amount to 125%. You may have ooptions. Contact a mortgage specialist to pin point all the details.
  • July 02 2009
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Your current lender has information on their website for you to contact them about a possible modification. Lood for a link or button for Loss Mitigation or payment help.
You must have an immenent need...for instance If you have a loan that is going to adjust or recast, your work hours have been cut, etc.
AND, if your loan amount is within the FHA High Balance limit of $729,750, give me a call and get approved for a new loan and we'll submit your approval to the old lender to see if they will release you to the new lender...this is a short refinance and they may see the logic of this dependent upon your unique circumstance.
  • July 02 2009
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How far upside down are we talking? The HARP program just expanded to high balance loans. What is the loan amount? $729k is the high balance limit in your county
  • July 01 2009
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ecoco
Can you define "Jumbo" how much are you talking about?
  • July 01 2009
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You might want to check with your lender and see if they will allow you to do a short refinance. Most lenders will not allow this but it's worth a shot. Best of luck.

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  • July 01 2009
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Hi;

If your loan to value is under 105% and your current Mortgage is owned by FNMA (chances are low, because you have a Jumbo loan, but you can check anyways, here's the link http://loanlookup.fanniem ... anlookup/ ) then we may be able to refinance you under the new DU REFI PLUS program. 

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  • July 01 2009
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Wish there was some help for you, but under the current market climate there are none to the best of my knowledge.

Best to call your lender for modification consideration.
  • June 30 2009
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