Profile picture for passionate

how do you refinance a loan that the balance is greater than the value of the home

  • January 18 2009 - Orangevale
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Answers (6)

Profile picture for Crestico Funding
Hello,

Depending on your Loan Investor, you might be abel to refinance if your loan balance is less than 125% of your property value. If you are located in California please feel free to contact us for more information.
  • July 13 2011
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Profile picture for passionate
Thanks for the advice.
Actually is a jumbo loan, interest only.
I am not drowning yet, but I am checking to see if i can do any better.
  • January 18 2009
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None that I know of.
  • January 18 2009
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Profile picture for P Banks
About all you can do is try&do a loan modification to get a lower interest rate. Call or email me if you need help with it.
  • January 18 2009
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Profile picture for passionate
I can't afford to pay the balance. Any other options???
  • January 18 2009
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1. pay the balance down

or

2. you don't

  • January 18 2009
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