Are there any refinancing options for people with $0 equity in their homes?

2 Responses to “Are there any refinancing options for people with $0 equity in their homes?”

1. Biggie @ Arbor Mortgage says:

   October 12, 2010 at 3:08 am

   You will want to be in your home for 1 year & FHA will refinace the 1st mortgage as long as your lender of the 2nd will do a subordination, allowing to refi. your 1st.
2. RM says:

   October 12, 2010 at 3:29 am

   Slim to none chance of that. Instead of paying the $5,000 or so closing costs on a refinance, try putting that $5,000 towards the payments to gain some equity.

Leave a Reply

Click here to cancel reply.

Name (required)

Mail (will not be published) (required)

Website

CAPTCHA Code *

Notify me of followup comments via e-mail