Is there any way to refinance my house now a days?
MarkettaIt's pretty bad out here in Vegas and I need to refinance my house.
AikoIt's really difficult right now.Stay on top of the "financial pages" here on Yahoo.There was just an article posted today that talked about BofAbeing forced to offer help to people that had mortgages financedthru countrywide. Whether or not you can be helped thru his, I don't know.Try getting refinancing thru the little banks like the credit unions.It all depends on whether your credit is good, you are current on your mortgage and finally on whether you have any equity in the house.Right now it is almost impossible... even for people with really good credit. So don't despair, just hang in there - who knows the whole situation might look totally different once the government has actually doled out the 700 billion dollar bail out.Try to stay on top of financial news and what is going on with your bank that holds your mortgage. All you can do is ask...
ElinaVegas is the number one declining market today. With 1 in every 91 homes in foreclosure. Your best bet would be to contact your current lender and ask for a Loan Modification of your mortgage. Almost all lenders are doing it one form or another. Countrywide is the hardest to deal with but they will do it. Need help? Let me know and I will put you in touch with someone that can help you.
Chungresearch about reverse mortgages.