How to refinance if you are one of the ones who bought a house at a high rate?

Erin
where to take advanatage of all of the talk about helping home owners who cannot afford morgages

Blanca
Go back to your lender. It will all start there.

Davis
you would have to start by talking to your lender. if you are upside down on your home (meaning that you owe more than the home is worth) refinancing is going to be impossible. if you sold, it would have to be a short sale, or you would end up being on the hook for the deficiency amount. that being the case, your only option would be a loan modification. again, you would have to ask your lender what you can do.