Can anyone refi this?
Have a single family that was purchased as O/O, not backed by Freddie/Fannie, that is NOW a N/O/O, with PERFECT pay history. Very high LTV, if not >100% as AVM is now down. Has both a 1st and 2nd as it was purchased as 80/20. What are my options to refi? Please help with ideas! by courtn_862_333 from Houston, Texas. Nov 11th 2012
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
If your loan is not FHA, VA, or USDA, then there's very little options for you.. You could go to your current servicer, and see if there is a way for them to refi you.. But it's unlikely if you don't have the necessary equity... if you have cash available to buy down your mortgage to below 80% of its current value, then you can do that.. Otherwise, your pretty much stuck...I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions
there is any other option... please email me at yourloanpartnerforlife@live.com and/or send me your address , and I will see what the comps are ... linda 602 330 1598
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Sorry, got no options for you.
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions
If you owe more than the home would currently appraise for, and the first mortgage is not a Fannie, Freddie, FHA, USDA or VA loan I can't think of any options whether you live in the home or not.unless you are willing to bring enough money to closing to reduce what you owe to about 97% of the current appraised value.
Derick Condron (rightstartoregon)
#30 ranked lender in Oregon - 598 contributions
Based on your story there are really no options.
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