Comments on: What are my chances to refinance if my house value has droped? http://www.refinance--blog.com/refinance/what-are-my-chances-to-refinance-if-my-house-value-has-droped Refinance Information and Deals Sun, 20 May 2012 22:13:43 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Noneya http://www.refinance--blog.com/refinance/what-are-my-chances-to-refinance-if-my-house-value-has-droped/comment-page-1#comment-1539 Noneya Mon, 27 Jul 2009 14:31:56 +0000 http://refinance--blog.com/refinance/what-are-my-chances-to-refinance-if-my-house-value-has-droped/#comment-1539 <a href="">Samantha</a> What kind of loan do you have now, FHA/VA or Conforming? You have a couple of options. If it appraises for the full 320K you could refi a conforming 30 year fixed around 4.375-4.5%. If the appraisal comes in at 300K you can go with an FHA loan. Samantha

What kind of loan do you have now, FHA/VA or Conforming?
You have a couple of options.
If it appraises for the full 320K you could refi a conforming 30 year fixed around 4.375-4.5%.
If the appraisal comes in at 300K you can go with an FHA loan.

]]> By: Steve D http://www.refinance--blog.com/refinance/what-are-my-chances-to-refinance-if-my-house-value-has-droped/comment-page-1#comment-1538 Steve D Sun, 26 Jul 2009 02:35:47 +0000 http://refinance--blog.com/refinance/what-are-my-chances-to-refinance-if-my-house-value-has-droped/#comment-1538 <a href="">Andrea</a> As long as the balance on the loan is less than the appraised value of the house, you are eligible for refinancing (assuming all other factors are good, like employment, credit, etc.). It is only when the loan balance is higher than the appraised value that you have a problem. Be advised that the figures you provide place you below 20% equity and you will probably be required to purchase PMI. Andrea

As long as the balance on the loan is less than the appraised value of the house, you are eligible for refinancing (assuming all other factors are good, like employment, credit, etc.). It is only when the loan balance is higher than the appraised value that you have a problem. Be advised that the figures you provide place you below 20% equity and you will probably be required to purchase PMI.

]]>