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refi non freddie fannie underwater loan

Any one give us advice on an underwater property, non freddie fannie, no financial hardship... in no interest till 2015 rate goes up to almost 6% wante to prevent rate increase.
How can we refi since property has fallen $100,000.00 and we hace a HELOC loan value ration too high
contact liz
jameskinder@bellsouth.net
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August 13 2012 - Ponte Vedra Beach
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Please clarify are you underwater just on your first mortgage? Or is your heloc putting you underwater? There are products with unlimited cltv out there VA for example, Ofcourse you would need to be a veteran.
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November 22 2012
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@ Candice,

Your link is worthless. The topic here is about those who do not qualify for Freddie or Fannie so why put a link that only applies to them?
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November 21 2012
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I'm with you johnryan. I just don't see Congress passing HARP 3.0 so that leaves  underwater homeowners with non Freddie/Fannie loans to make the best call they can.
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November 06 2012
This is completely unhelpful if, like the original poster, your loan is non-government backed. For those of us who are, the White House did propose HARP 3.0 which would bascially do what HARP 2.0 did except it would include non-government backed loans. It is looking more and more that this initiaive will not get out of Congress alive.
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November 06 2012
Hi there,

I would take a look at our take a look at our underwater mortgage resource center.  

Thanks for your post!

Candace 
Zillow Customer Support 
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August 14 2012
 
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