Profile picture for DavidG

Zillow.com

Phone: (206) 470-7168

Website: This is it.

Back to Results

Tools

Partner Tools


i am 6.5% 30 yr fix. My home is probably not worth what I owe because of the market can I refi

Profile picture for reddaisy
My mortgage was 212,000.00 6.5% 30 year fixed. I now owe 199,000.00 but my house is probably upside down. Can I still refi without cash back just a rate reduction?
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 17 - Ferndale
RSS

Answers (8)

Profile picture for Direct Lender
Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 168

No as there is no equity in the house.
I guess you will have to wait till the market gets better.

  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 30
Profile picture for DebtFreeDave
Real Estate Agent
Contributions: 1312
No, you can only get a loan modification at this point.

[content removed by moderator for being promotional]
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 30
Profile picture for Maureen Francis _MI_
close Profile picture for Maureen Francis _MI_

Maureen Francis _MI_

Birmingham, MI

Real Estate Agent

View my 9 listings

Contributions: 196
Michigan homeowners have been having trouble refinancing due to falling values.  Talk to your lender first and see what they can do.  Then speak with a local mortgage broker to see if there are other options.  Was it an FHA loan?
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 29
Profile picture for Georgia Loans
Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 3778
Zillow All-Star

Since January 2009

no problem, refi with no appraisal
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 17
Profile picture for reddaisy
sorry it is a FHA
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 17
Profile picture for Georgia Loans
Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 3778
Zillow All-Star

Since January 2009

reddaisy, is it an FHA or VA loan?
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 17
Profile picture for Chris A. Lewis
Real Estate Agent

View my 3 listings

Contributions: 209
6.5% is still a good rate, but you can always contact the lender and try and get it restructured (doesn't hurt).
  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 17
Profile picture for Loan.Ed
Mortgage Lender

Lender rating

5.0/5.0

View ratings and reviews

Contributions: 122

Probably not.  Your best option at this point is to either keep what you currently have or try to modify your current loan. 

Some will attempt the modification process on their own (with mixed results).  Others will contact a broker or work with their current mortgage provider.

  Flag content
Close
Report a Problem
Close
Content Flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 17
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

 
Top Lenders
Ratings
Subscribe via RSS
  1. 5.0/5.0

    33 reviews
  2. 5.0/5.0

    20 reviews
  3. 4.9/5.0

    39 reviews
  4. 4.8/5.0

    48 reviews
  5. 4.7/5.0

    14 reviews
Related Questions
Question Can I negoitate my loan amount
  • Latest answer by Martin Wareing
  • February 11
Question i am 6.5% 30 yr fix. My home is probably not worth what I owe because of the market can I refi
  • Latest answer by David Nezri
  • January 30
Need a Mortgage?

Zillow Mortgage Marketplace

  • Competitive rates
  • Accurate, custom quotes
  • Thousands of lenders

... and, it's free and anonymous

Get instant mortgage quotes
Estimated purchase price Current mortgage balance Desired loan amount
98104

Learn about Zillow Mortgage Marketplace

Zillow Poll:
Suggested by dgullion
How many members of your household contribute income to the household budget?
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

pageName