My prime residence property's value in Utah is less than what I paid for in 2006 but I had 40% down when I

Mike
Home Buyer
Irvine, CA

bought it so can I refinance with a new appraised value price? Is there a government program for loans like mine? I'm not in hardship.

Answers (1)
Sam DeBord - Se...
Broker
Seattle, WA
FIRST ANSWER

There are a lot more details to add, Mike, but you sound like you'd have no problem refinancing if your home's value hasn't gone down to more than you owe.

There are government plans (Making Home Affordable), but you should try directly with you lender first. You may qualify for a conventional refinance.

Web Reference: http://SeattleHome.com
Tue May 12 2009, 08:51

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