If house is not worth what you paid for it can you refinance for its current value?

Richard Lowes
Other/Just Looking
17347

Answers (4)
Jeff
Home Buyer
Cocoa, FL

NO. I have tried. The state needs to re-access our homes and help with the difference. That will fix the economy and keep people from de faulting on there loans. The BIG answer is no hopefully people can stat seeing there is an answer but we keep spending billions on failing companies.

Tue Jan 6 2009, 15:05
Trisha Wade
Agent
York, PA

That seems like a very large drop. Where did you get your information on what your home is worth now?

Thu Oct 23 2008, 10:42
Carolyn Fleming
Home Buyer
Boca Raton, FL

I bought a condo in 2006 paid 232.000 is now worth 130,00 can anything be done ?

Wed Oct 15 2008, 05:09
Ken Herrera
Agent
Las Vegas, NV
FIRST ANSWER

Hello Richard,

Although I'm out of your area, you may be able to get the type of financing you seek. FHA has a program that will allow you to refinance and get a loan for 90% of the current value. There are some strings attached and financing guidelines that you should consult a mortgage lender about.

Good Luck, http://www.C21Infinity.com

Wed Sep 24 2008, 15:51

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