"It's time to fight. . .your home is on the line”
Fernando, my house is underwater and we can't refinance. . what are our options when our house is value less that what I owe?
You first option is to call the bank if you feel that you are in some kind of hardship. . .
Ideally, you should have at least 20% equity on your home's current appraised value (that is current value and not what your paid for) if you want to refinance.
In some cases, you can do it below the 20% depending on your credit and particular situation.
If your property has dropped in value, and your loan is greater than the value of your home I can assured you that no bank is willing to refinance you at this time..
The good news is that YOUR OWN bank maybe able to modify your loan to make your mortgage payments more affordable. .
Call them . .
and then call me for a personalized consultation to help you analyze your current situation if a short sale maybe more of a benefit to you that a loan modification
Call me directly at 240-426-5754
In a short sale you SELL YOUR HOUSE
In a Foreclosure. . . YOU LOSE IT!