zephyrs asked:


I bought the house last year for $377K, Now it is worth $300 - 320K. This is the estimate that I got from a loan officer.

I owe the bank about $280K. Is it possible to refinance it? I have excellent credit score and solid income. My current lender is Bank of America

Shannon

Refin asked:


we have a home of interest and only want to 5YR refined 30 years of settlement. Our value of the house has fallen in value over 80K.

Tamara

needknow asked:


I borrowed a $300, 000 house with 20% down payment and a 5/1 ARM loan. The current sale price of the similar house is $330,000. I am wondering if I refinance the house, how many I have to borrow from bank: $240,000 [$300,000 (sale’s price) - $60,000 (my downpay)] or more (330.000 - $60,000)?
Thank you very much in advance.

A confused lady.

Yvonne