The first think that needs to be done is to determine if your loan is owned by Fannie Mae or Freddie Mac. If it is you may be eligible for financing up to 125% of current appraised value. Its not at all unusual that you are not getting a response from your current lender.
Once we determine if your loan is Fannie or Freddie owned you would need to risk the Appraisal fee $350-$400.00 to determine current market value. If there is enough room in the value you can roll in your costs.
There could be a situation where we could not lend up to 125% and be limited to 105% but it all is determined by the appraisal. You must be willing to risk this money to determine if you can qualify.
I would need the name on the mortgage, full address including Zip and the last four numbers of your SSN to do the search. Based on your numbers we could probably look at a payback of about 12-14 months for your refinance investment. No cost, no obligation. No guarantee!
An attorney is of no use to you unless you complete the required steps to determine eligibility.
Roger Danielski, Loan Officer
Lake Michigan home Mortgage
616-242-9790 x 9275