How can you refinance a house that isnt worth as much as you paid for it?

Brigid
House is two years old. Bought at 350K it appraised at that time for 370K now it appraised at 245K. House is like new, no damage bad housing market.

Antione
A key piece of information for this question would be how much do you owe on this home?If you owe more than the appraised value, you will most likely be unsuccessful in any attempts to refi it.Loan to value ratio is one of the most important determining factors.In it's "So easy a caveman can do it" terms:Loan more than value = BadValue more than loan = Good

Delois
YOU do not at this time. IF you need a chunkof change, either put a small home basedbiz in the house to get help with the mortgage, [like an assisted care facility]orsell a PART of your home to investors!!!i can teach you how.

Jackelyn
You don't. You are going to have to hang on.