If I do not have enough equity in my home to refinance, but have good credit, is loan modification my only option?

Hello Scarlet, it depends on how much negative equity you have on your property. there are some programs available up to 115% LTV to refinance for borrowers like yourself. please feel free to contact us for more information

no, you could also look at refinancing your home by using the Home Affordable Refinance Program that the government rolled out. You can go up to 105% of your home value and 125% in some cases depending on who you pay your mortgage to currently. Please email me your name, home address and the last four digits of your social security number and I will look this up for you in the database to see if you qualify. Please email to: besquivel@bncnationalbank.com

Hi Scarlett,With a loan modification, you may be able to adjust your terms to a rate as low as 2% and not have to pay to do it. When you refinance, in most cases there are costs unless you choose the no cost/higher rate option. It is worth talking to someone to review which option would be best for your situation.Best,MattPierWestCapital.com888PierWest(743-7937) X 701

FHA has a new product fo folks with negative equity. You may be the perfect candidate? It depends on how much negativity, your current lender and if you are current on your Non-FHA Loan. .... Happy funding, Rudi

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