Zillow Advice: Refinance - Refinancing on an upside-down ARM http://www.zillow.com/advice-thread/Refinancing-on-an-upside-down-ARM/178645/ Zillow Advice | Zillow Real Estate [content removed by moderator ... http://www.zillow.com/advice-thread/Refinancing-on-an-upside-down-ARM/178645/ <em>[content removed by moderator for being self promotional]</em> Tue, 06 Jan 2009 16:01:00 GMT http://www.zillow.com/advice-thread/Refinancing-on-an-upside-down-ARM/178645/ 2009-01-06T16:01:00Z Altari, FHA allows for CLTV's ... http://www.zillow.com/advice-thread/Refinancing-on-an-upside-down-ARM/178645/ Altari, <a href="http://www.zillow.com/fha-loan/">FHA</a> allows for CLTV's above 100% where the 1st lien does not exceed their required LTV requirements but your <a href="http://www.zillow.com/directory/lenders/">lender</a> will have to obtain a subordination for your current 2nd lien to refi the 1st to a fixed rate. <br/><br/>Try emailing some of the <a href="http://www.zillow.com/directory/lenders/">mortgage lenders</a> that service your state. You can find them through Find a Pro. <br/> Thu, 18 Dec 2008 17:29:00 GMT http://www.zillow.com/advice-thread/Refinancing-on-an-upside-down-ARM/178645/ 2008-12-18T17:29:00Z yes, its called the save ... http://www.zillow.com/advice-thread/Refinancing-on-an-upside-down-ARM/178645/ yes, its called the save up 20,000 and pay down your mort so that you arent underwater when it comes due<br/><br/>very good program, never seen anyone get rejected(actually lending standards have tightened so it would be impossible to get the <a href="http://www.zillow.com/mortgage/">loan</a> you have at 100% anymore, little lone 120% lone to value. illinois isnt as bad, but still they want a good 10-20k in equity.<br/><br/>just an fyi, this board has seen alot of people in this situation and generally, your phrasing, well lets call it "unfortunate" choice of words. <br/> Thu, 18 Dec 2008 17:06:00 GMT http://www.zillow.com/advice-thread/Refinancing-on-an-upside-down-ARM/178645/ 2008-12-18T17:06:00Z Why don't you see if you ... http://www.zillow.com/advice-thread/Refinancing-on-an-upside-down-ARM/178645/ Why don't you see if you can get a loan modification from your bank.&nbsp; If you have an fha loan you can just do a streamline refinance.<br/><br/><a href="http://getprequalified.com/article_list_loan_modification.php" rel="nofollow">Loan Modification Information</a><br/><br/> Thu, 18 Dec 2008 16:57:00 GMT http://www.zillow.com/advice-thread/Refinancing-on-an-upside-down-ARM/178645/ 2008-12-18T16:57:00Z