Then, you can call one of these lenders if you want so that they can tell you what your refinance options are.
Keller Williams Realty
You might have some options. I agree with the responses below. Your best bet is to speak with a mortgage broker. If you need a referral for an awesome one, I would be happy to assist you. Good luck and let me know if I can help!
Real Estate Broker/ RealtorÂ®
McAllister Homes Real Estate
Residential Sales & Property Management
It sounds like you have negative equity in your home, so answering a few questions from a lender may tell you if it's even possible to refinance. I'm guessing that if your original loan at the top of the market is not much higher than what you owe, you may not have enough equity since values fell so much from 2006.
Good luck to you!
I am also a Real Estate Broker and can evaluate your homes value and go over your options. Here are some links to study and consider that I offer.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
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20+ Years Experience
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The implication is that you have negative equity which would make it very unlikely, based on what you've indicated, that you can refinance. If you want to call me I can confirm the value of your current home and help you determine if there are options available. There are a few questions that need answered to be best of help.