Posted on: 14th Jun, 2011 10:03 am
what company refinances for the current value of the home after all this deprecation of land
I am not sure if I understand your question. Are you referring to the drop in home values and property values? And who will refinance if your value is not what it was? If you are underwater, and you have an FHA loan or a loan owned by Fannie Mae or Freddie Mac, you might qualify for the 125% refi program they offer. If you are not underwater and values are not as high, but you have equity, you would be able to refi with most any lender, as long as you have enough equity, a credit score of 640+, verifiable 2 year work history, and provable income. If I did not understand your question please follow up. Thanks!