Question: Are there any options on refinancing a home mortgage loan when the homes worth is less than the loan amount?

(Posted by: Refi Questions on 2009-12-03 15:12:22)

Posted by: WCHS1970 on 2009-12-03, 15:24:21

Usually not, but it would be worth calling your lender to ask about a refinancing at a lower rate or a loan modification if there is a financial hardship.

Posted by: Sharon T on 2009-12-03, 15:28:25

Only with your existing lender, if at all.