If weâ€™re reading your statement correctly, you're stating you have a 5 year loan, that's about mature and you have 200k in equity. Not sure how a loan modification would help, unless you're going to ask the lender to modify your 5 yr. to a 15 or 30 yr. loan. With that said we, you need a lender and unless you don't qualify for a refi. due too income to debit ratio or youâ€™re requesting cash in you pocket, you should qualify or sell. As far as your message...there's not enough information here to give sound advice.
Call us; if we're unable to give you the sound advice you need, we will refer you to someone who can.
Susan Drew & Marie Goodloe
Realtors GRI CRS CDPE
Keller Williams Realty Pacific Estates
2883 E. Spring St. Suite 100
Long Beach, CA 90806