Will i be able to refinance my house?

Emmett
i have an 80/20 mortgage and because of the trends in real estate these days i owe more than what my house is probably worth now. will i still be able to refinance? i'm in metro phoenix. and i've no late payments on my mortgage.

Tammie
Marty you are an idiot. Do you keep trying to get loans on this site. What is this your 1, 000 th name without giving any advice.Are you sure it will appraise below value? Normally 80/20's are adjustable. With FHA secure if it adjusts before 2009 you can take a new fixed rate loan with no credit qualifications (for the most part). Normally 80/20's have a prepay. Your loan might be very difficult.Without more information I cant say much more. Whatever you do, dont contact marty. He is an idiot. Call 10 local brokers and see what they can do.Good Luck

Latarsha
So basically you financed 100% of what the home was worth at the time. Without pristine credit there is no more 100% financing even for those with pristine credit. Hate to be b;unt but your chances are slim to none right now, best thing you can do is hang in there and wait for the market to turn around

Johnette
I'm sure you will get your share of spam emails from those who lurk on here looking for business. Delete them all, no reputable lender would do business this way.Talk to a local lender who can assess your situation and review with you local programs you may qualify for.