I have a home in Arizona that is not worth what my current balance is. I owe around $233,00 and it is worth around $130,000.

Good Evening! There are options for you to consider, but those will depend on your current Investor that owns your mortgage. I'm happy to look into this for you, but need a few details. If you'd like to visit my profile page, you can read how to find your options, or just send me a quick message offline and we can discuss this through email or by phone, whichever you prefer. I'm here to help as that's what this forum is for! Thank you!

It seems like you may qualify for a HARP refinance. It is really no different than a regular refinance, actually slightly easier. If your purchase or last refinance was before 6/1/2009, you may be looking good on a HARP refinance. My company is licensed in AZ, very familiar with the state, and we do many HARP refinances. I would be pleased to send you information or client testimonials! You can email me at: barb.lanis@1amllc.com 1stAdvantage Mortgage

We would need to know which type of loan product you have now to be sure.. FHA, VA, & USDA all have built in streamline features that allow you to refinance without an appraisal, so value won't matter.. if your loan is conventional, was initiated prior to May 2009, and is owned by Freddie or Fannie, then it might qualify for a HARP refinance, where no appraisal is necessary... to be sure, you should contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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

Hello from Pinetop ,AZ !!! ARE YOU a fannie or a freddie mac loan? a VA ? FHA? HOW is your credit?? who is your bank and serivicer? i know ,questions, questions, but need to know !! if you want to send me your address privately, at email yourloanpartnerforlife@live.com i will pull up comps for you value ... I use the same site as some of the appriaisers use linda 602 330 1598

Look into a Harp loan with a local lender

If your loan is backed by Fannie Mae or Freddie Mac you may have options with the HARP 2.0 (Home Affordable Refinance Program).

It seems like you may qualify for a HARP refinance. It is really no different than a regular refinance, actually slightly easier. If your purchase or last refinance was before 6/1/2009, you may be looking good on a HARP refinance.

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