How Do I Refinance My Home? | REALTOR.com? Blogs

Q: Hi,
My mortgage is completely upside down ? approx numbers ? just accessed at $59,000, owe $165,000 on mortgage. Up until now there has been interest only paid due to taxes. I would like to refinance, get a better rate of 5% and begin to make p and i payments. I?m not sure that I would qualify for HAMP program. What should my next move be?
?Anonymous, Davie, FL

A: Check with your existing mortgage company to see what type of financing they have available for you right now. Most mortgage companies are willing to work with the existing clients to help them make their mortgages more affordable.
Sandy Straley is a Realtor? in Layton, UT.

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Source: http://www.realtor.com/blogs/2012/10/18/how-do-i-refinance-my-home/

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