Zillow Advice: Refinance - Are they any "real" help for refinancing a underwater line home other than HARP.... http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ Zillow Advice | Zillow Real Estate Fannie and Freddie are thinking ... http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ <p>Fannie and Freddie are thinking about&nbsp;offering loan modifications with principal reductions&nbsp;on a large scale. The FHA will make a decision this month.&nbsp;Click the link below to read the article.<br/><br/><a href="http://finance.yahoo.com/news/more-mortgages-eligible-principal-reduction-123700375.html" rel="nofollow">http://finance.yahoo.com/news/more-mortgages-eligible-principal-reduction-123700375.html</a></p> Fri, 20 Apr 2012 20:05:00 GMT http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ 2012-04-20T20:05:00Z Good Afternoon,There are ... http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ Good Afternoon,<br/><br/>There are several banks/lenders that are now able to provide refinancing on homes that have a higher loan to value issue, you will of course have to be able to qualify for the mortgage as you would under normal circumstances. <br/><br/>While a mortgage modification may be an option, it is basically going to be reported for credit purposes as a loan that is delinquent and can affect your credit, it will all depend on how your lender reports it. <br/><br/>I did get an email from a lender that I work with last week regarind the abiltiy to provide refinances for upside down borrowers. Feel free to send me an email and I will forward the contact information to you. Good luck on your refinance.<br/><br/>Lila Lopez<br/>RE/MAX Advance Realty<br/>[Phone removed by Zillow moderator. Please see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a> for more information.] Sat, 21 Apr 2012 17:24:00 GMT http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ 2012-04-21T17:24:00Z Dont over look trying or ... http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ Dont over look trying or attempting to try a Loan Modification with your present lender.&nbsp; Fri, 20 Apr 2012 20:30:00 GMT http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ 2012-04-20T20:30:00Z under Harp 2.0, there is ... http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ under Harp 2.0, there is no limit on LTV. i have&nbsp;several&nbsp;lenders that will do unlimited LTV Harp refinances. i am closing one next week with an ltv of 140%. Fri, 20 Apr 2012 19:45:00 GMT http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ 2012-04-20T19:45:00Z For a brief instant there ... http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ For a brief instant there was a program called a Short Refi through FHA, but it went away. That involved a principal reduction. I'm not aware of any programs like that now, but I'd love to hear if any exist! Fri, 20 Apr 2012 19:37:00 GMT http://www.zillow.com/advice-thread/Are-they-any-real-help-for-refinancing-a-underwater-line-home-other-than-HARP/439732/ 2012-04-20T19:37:00Z