Underwater refinance options
Refinancing options for so-called "underwater" mortgages are limited because most lenders require some equity in the property -- ideally about 20 percent.
http://www.bankrate.com/finance/refinance/refinance-options-when-you-re-underwater-1.aspx
Should You Abandon an Underwater Mortgage? | LearnVest
Posted on March 12, 2012 . Paying these underwater mortgages, Surowiecki argues, is equivalent to setting cash on fire every month. . (And that doesn't mean you walk away—at 25%, you may want to start considering it as an option.) .
http://www.learnvest.com/knowledge-center/should-you-abandon-an-underwater-mortgage/
Can you refinance an underwater home without HARP? - KLTV.com ...
May 16, 2012 . A lot of homeowners with underwater mortgages would like to refinance, but they don't qualify for . However, more options may be on the way.
http://www.kltv.com/story/18436224/can-you-refinance-an-underwater-home-without-harp
Step 1
Jeff Merkley's Plan For Underwater Homeowners
Posted Wednesday, July 25, 2012, at 11:56 AM ET. Tweet . the economy by facilitating large-scale refinancing of so-called underwater mortgages. . Then the new entity will offer each underwater homeowner one of three refinancing options: .
http://www.slate.com/blogs/moneybox/2012/07/25/jeff_merkley_s_plan_for_underwater_homeowners.html
Step 2
How to help underwater homeowners | Felix Salmon
July 25, 2012 . And there's a third option I don't fully understand, which includes a $190,000 first mortgage at 5% and a . And the opportunity to exit an underwater second mortgage at or near par is one that few investors would pass up.
http://blogs.reuters.com/felix-salmon/2012/07/25/how-to-help-underwater-homeowners/
Step 3
6 Strategies for Dealing with an Underwater Mortgage - US News ...
Oct 7, 2011 . The pros and cons of several options. . 10.9 million residential properties with a mortgage were underwater (meaning . The Best Jobs 2012 .
http://money.usnews.com/money/personal-finance/articles/2011/10/07/6-strategies-for-dealing-with-an-underwater-mortgage
Step 4
Options For Those Who Are Underwater On Mortgages
Jul 12, 2011 . Options For Those Who Are Underwater On Mortgages . Refinance Program, which was extended through June 2012, is another option.
http://consumerist.com/2011/07/6-options-for-those-who-are-underwater-on-mortgages.html
Step 5
3 New Ways to Get Real Help On Your Underwater Mortgage ...
Apr 9, 2012 . Bad news: Nearly 11 million mortgages are still underwater. . So Gumbinger and HSH.com have rolled out two new calculators to help you make informed decisions about your options. . Finovate Fall 2012: A solution to the.
http://www.dailyfinance.com/2012/04/09/3-new-ways-to-get-real-help-on-your-underwater-mortgage/
Step 6
HARP 2.0 Program - The Mortgage Reports
UPDATE (September 13, 2012) : The government's new HARP 2 Refinance Program is . Underwater VA mortgages can be refinanced via the VA IRRRL mortgage program . You can also use this form to get a rate quote to see your options.
http://themortgagereports.com/259/harp-making-home-affordable-guidelines
Options to Turn Your Upside-Down Mortgage Right-Side Up ...
Nov 17, 2011 . Because underwater mortgages are a problem nationwide, several options are available to homeowners that are in this situation – options that .
http://www.quizzle.com/blog/2011/11/options-to-turn-your-upside-down-mortgage-right-side-up/
Photo Credits
- property image by Christopher Hall from upper east side lunch specials