Junipe,You DO NOT need 20% equity. Your current value will, however, have a lot to do with which loan products you can choose from for this refinance. I am in Birmingham. Call me and I can give you some ideas on how to go forward.Jack ShieldsHiott Financial Corp(256) 749-7948 ph

Yes a refinance can be done with your situation. There may be several options. Feel free to give me a call to specifically address your concerns.

No. You don't need 20% equity in your home. We have programs for that will fit your situation. As long as you have a job and your Debt-to-Income Ratio is a reasonable percentage, it apperars that you can refinance. But call us to make sure and to get pre-approved. 516-775-0807.

you can refinance right now under the current HARP program if your loan is owned by Fannie Mae or Freddie Mac... Contact a local mortgage broker, not a bank and apply with them... they work with a number of different lenders and will find the exact loan product for your particular scenario.. WilliamAcres.com

The lower the LTV the better your rate will be without buying it down but you can refinance with most lenders all the way up to 105% of your current value from your appraisal. With your credit as long as your debt to income is in line you will be good. Let me know if you have any other questions.

With your situation there are many refinancing options. Considering today's rates you should definitely look into it as soon as possible.Steve Vaserman www.SupremeLendingIL.com