Archive for the ‘Renting & Real Estate’ Category

PostHeaderIcon Is there a new refinance program that forgives negative equity and refinances the house at current value?




I heard about some new government loan where if your home has dropped in value, the government will absorb the depreciation and refinance your house at its current market value. I just bought my first house in August of 2008 for $275,000 which was a foreclosure and the other foreclosed homes surrounding me are now being offered in the $240,000 range. So in 4 months I’ve already lost around $35,000 in value.

PostHeaderIcon is it possible to refinance a heloc without refinancing your first mortgage?




I have a good rate with my first mortage at 4.25 fixed for 15 years. I also have a heloc that is adjustible and is at about 8.5 percent right. I would like to refinance the heloc without loosing the rates on the 1st. Is there such a thing?

PostHeaderIcon I want to refinance my mortgage but it’s owner financed. Is that a problem? How would I start the process?




I want to refinance but I have an owner financed mortgage. Can I it refinanced?

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