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by Answerbag Staff on June 16th, 2010

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Can I refinance with negative equity?

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Answers. 2 helpful answers below.

  • by Cam Merritt on June 16th, 2010

    Answerbag Experts

    Great Answer

    Professionally Researched. (What's this?)

    "Negative equity" means you owe more on your home loan than the house is actually worth. To refinance, you'll have to come up with enough cash to pay down your debt so that your loan balance is less than the home's value.

    References:

    Bankrate.com: Can You Refi When You're Upside Down?

    No comments. Post one | Permalink

  • by dakangl on June 19th, 2010

    dakangl

    under some of the new Obama programs yes.

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