Posted on: 26th Sep, 2009 04:11 pm
our home is worth less than we owe on our mortgage.
orig mort bal : 228,000
home value: est 165,000
the apr will peak in 2010. we are current at this time with no late payments.
can we refinance? credit is fair- good.
orig mort bal : 228,000
home value: est 165,000
the apr will peak in 2010. we are current at this time with no late payments.
can we refinance? credit is fair- good.
Sine you do nto have equity int eh house it will be difficult to refiancne
You can still try to see if you can go for loan modification, but that may be difficult but worth the try
Also it does nto look like the rates will go up dramatically and probably till end of next year
You can still try to see if you can go for loan modification, but that may be difficult but worth the try
Also it does nto look like the rates will go up dramatically and probably till end of next year
you can get at the max 200K as mortgage.
i suggest to speak with current lender. & try to get some relief
i suggest to speak with current lender. & try to get some relief
Why are you saying that it will be in peak in 2010. What is your credit Score?
i think for your reqirement you have to forst speak with your current lender. That will definately help you a lot.