Looking to refinance at 110% LTV.

First let me say that the zillow estimate is not a reliable source for property valuations.... you should contact a local real estate agent and ask them what your home is worth.. if it turns out that the home value is below $700, then you don't have a lot of options.. With a non Freddie/Fannie loan, there is not a lender out there that will refinance you when the value is lower than what's owed.. Your only option would be to pay down your mortgage to 80% loan to value.. when you're in the jumbo market, there are very little options available to 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

Yeah, Zillow is nowhere close to being accurate. Contact a realtor and they can help you with what is called at Comparative Market Analysis (CMA) or you can contact a your States Division of Real Estate and get a list of Appraisers and have it appraised. However, if you go with the appraisal and then decided to refinance you will have to get another appraisal. If you go with the CMA then also remember that Realtors determine Price, and Appraisers determine Value and Value takes precedence. If you do decided to refi, then contact a LOCAL broker to help you.

Without an appraisal, you cannot be sure of the value. In today's market, zillow is not 100% on top of the local values. I do not originate loans in WA but I would be pleased to assist you with a referral to highly qualified and knowledgeable loan originator who does. From your scenario, I would say you need to pay down your HELOC and then refinance the 80% of the appraisal. I am sure that is not the answer you were wanting but that is what is available in the marketplace without a Fannie or Freddie loan. 623-340-0934 Korene Clopine-Seaman

We might be able to help you. We would need to negotiate with BoA to bring down the balance in what we call a short refinance and then refinance your first to a lower rate. Get into touch with me. www.MortgagesforAmerica.org - 888-320-7888 - Ken Burrows

at this time in the mortgage world, there are not a lot of options, since your 2nd is with a different bank, but i do have a alternative solution for you. you can call me at 602 330 1598 email is yourloanpartnerforlife@live.com linda

The only way to accurately know the value of your home is to get an appraisal. With an appraisal you will be able to better determine where you stand. Unfortunately, in today's market if your loan is not backed by Fannie Mae or Freddie Mac, you may have to pay your loan down to 80% LTV before you will have the option to refinance.

If the first is a Fannie Mae or Freddie Mac loan, there is a possibility that the first can be refinanced. Unfortunately, the only way to combine the first and the second is if, it appraises high enough.I would suggest you contact your current lender and see what options they might have to offer.If you have any other questions, you can contact me at dseliquini@mohavestbank.com or 928-753-0000.Thank you.Debbie Seliquini, Mortgage Banker NMLS#449998