The value of my home has declined but I would like to get a lower interest rate, especially on the home equity loan. Help.
hmm… not sure if they’ll refi you, but I called my bank and asked for a loan modification and dropped my interest rate a couple points.. I only went out of pocket about $300 and saved myself $300 a month on my mortgage.. so, call your bank and just ask them if they have any loan modifications or "streamline" refinance options available.
Can I refinance my home if I have less than 20% equity with my mortgage and home equity loan combined?
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hmm… not sure if they’ll refi you, but I called my bank and asked for a loan modification and dropped my interest rate a couple points.. I only went out of pocket about $300 and saved myself $300 a month on my mortgage.. so, call your bank and just ask them if they have any loan modifications or "streamline" refinance options available.
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If you have enough cash to buy one of them down so that you are under the 80% LTV, sure, you can do it.
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