Is there some way to refinance a HELOC with no equity?

HELOC's are almost always a 2nd lien position loan, and they are almost always Adjustable Rate Mortgages.. and based on today's' low rates, your payment is probably pretty cheap right now, so refinancing, if it were possible, would probably increase your payment... but to answer your question, If your HELOC is a 2nd, then it's highly unlikely that you will be able to refinance it.. if it were a first position HELOC, then it's possible you might be able to refinance under HARP, however I have never run across this personally... best advice is to contact a local mortgage broker and see if they can look up your property details.. he should be able to paint a clear picture of your scenario for you... 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

No way to do it..your HELOC is a second and is not owned by Fannie or Freddie so you are just stuck unless the lender who has it will negotiate new terms with you.

The answer is probably no, but the real question is why? Most HELOCS are adjustable and with rates at historically low levels, refinancing doesn't seem necessary. Without equity, your only hope is with the current lender. They will probably not be willing to lower the rate from where it is because you have no equity. Give them a try. If they say no, you ar no worse off than today and you may be surprised. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

are you a fannie mae or freddie mac loan? do you have a 1st mortgage?? are you current on your payment?? is your income in line with your debts?? linda email me at yourloanpartnerforlife@live.com

You will need to contact your HELOC lender. No chance any other way.

I believe most of the answers here are saying no you can not refinance a HELOC. And I would say that those are all good answers because as some have said HELOC are typically Second mortgages and not part of FannieMae or FreddieMac programs. One option would be is to contact the current lender for the HELOC and ask to renegotiate or modify the terms of the loan. I have spoken with some borrowers that have had success doing this. It is a decision by the bank that if we renegotiate or modify the terms of the loan we are in a better position for you to repay the loan. It is a business decision by them. Let me go on and say if you do have a FannieMae or FreddieMac loan that is eligible for HARP Financing. Some lenders will allow you to keep your HELOC as a second mortgage under its original terms. (or modified - Read Above) because by allowing you to get better terms on the FIRST Mortgage in improves the likelyhood that you will continue to make your payments to them. This may be more information that you want to know, however I hope it is helpful. Also, Grafton is less than 30 minutes from where I live and work. If you wish to discuss your particular situation, I would be glad to offer my opinion.