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Underwater, need help.

My house is underwater 50%, I owe $180,000 on it, I have no debt besides this mortgage. I'm currently in an ARM with a high interest rate, no missed payments, and excellent credit. Is it possible for me to refinance into a 30 year conventional FRM? by joseph_438_937 from Sedona, Arizona. Nov 1st 2011 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

You Absolutely need to call me.. There is a loan program on the horizon that will enable you to refinance your home with no appraisal. Get started now by calling me at 480-287-5714... We're in Scottsdale AZ. WilliamAcres.com

Nov 1st 2011
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Zoltan Holubecz (Zoltan Holubecz)
#10 ranked lender in Arizona - 6 contributions

On Monday October 24, 2011, President Obama announced that he is expanding the Home Affordable Refinance Program, in order to allow underwater homeowners to refinance and take advantage of low mortgage interest rates.The new program as announced would eliminate the value requirements and allow borrowers to refinance regardless of the homes value and negative equity position. Zoltan Holubecz Precision Mortgage, Inc. 623-202-3142The program will be limited to mortgages backed by either Fannie Mae or Freddie Mac. Homeowners must be current on the mortgage and must qualify for the new mortgage.Complete guidelines of the program should be available November 15, 2011.Please contact me to see if you will qualify for the new expanded refinance program. I will also check to see if your loan is backed by Fannie Mae or Freddie Mac.

Nov 1st 2011
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,300 contributions

Recently announced changes in the HARP program are a perfect fit for what you are trying to do. Please contact me to discuss your particular situation.

Nov 1st 2011
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Bob McCormick (BobMcCormick)
#50 ranked lender in Arizona - 5 contributions

Everything has been explained in these answers. I do advise shopping for the best rate and lowest costs. I own my own mortgage company which allows me to offer extra competitive rates. Bob McCormick, PresidentWww.mccormicklendinggroup.com

Nov 1st 2011
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Dustin McAlister (dmcali_109_270)
#32 ranked lender in Kansas - 40 contributions

Call your current lender and see if the loan is Freddie or Fannie. If is not then your only option is with the lender who currently holds the loan.

Nov 1st 2011
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Lynne Dewar (ldewar)
#46 ranked lender in Arizona - 16 contributions

You would have to contact your current servicer for a loan modification.

Nov 2nd 2011
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Korene Clopine-Seaman (korene)
#68 ranked lender in Arizona - 90 contributions

Call me at 623-340-0934 and let's review the HARP 2.0 program as well as review all your options, requirements, and potentials. As a direct lender, we are prepared to get our customers all ready to go through the HARP2.0 program as well as keep them abreast of all the recent programs and options available to them. If you like you may email me at korene@wjbradley.com or call me 623-340-0934

Nov 2nd 2011
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Lynne Dewar (ldewar)
#46 ranked lender in Arizona - 16 contributions

You would have to contact your current lender for a loan modification.

Nov 2nd 2011
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