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| Version | User | Scope of changes |
|---|---|---|
| Jan 7 2009, 3:05 AM EST | bb7400 | 245 words added, 1 photo added |
| Jan 6 2009, 4:04 AM EST | bb7400 |
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Refinance your Upside Down Mortgage in California
You bought a home in 2003-2005 because prices kept going up and you were slowly but surely being priced out of the market!
The mortgage loan your received on the property was adjustable because that was an easy way to get the payment as low as possible. You got two loans because it was easy to qualify for and it seemed like the best option at that moment.
Time flies by and you look up and the Real Estate market is slipping and home values are going down. The equity you once had in your home is now gone and you notice that homes are selling for less than what you owe on your home. You then realize, YOU ARE UPSIDE DOWN!
There was no real reason to panic initially because you could afford your payment and everything was fine then you realized, I HAVE AN ADJUSTABLE MORTGAGE.
That's when panic set in and you started to ask around for potential solutions to your problem.
You started by looking into a traditional refinance, only to find out that this wasn't possible! You called your lender to see what they had to say and you got the run around. Then you turned to the internet and started looking for answers!
Well I think you ended up in the right place.
Below you will find a list of articles I have written on How to Refinance Your Upside Down Mortgage
