I owe more than my property is worth, do I still qualify to refinance?

Saturday mid-morning , February 28, 2009.

I owe more than my property is worth, do I still qualify to refinance under the Homeowner Affordability and Stability Plan?

From a series of guided questions and answers from Help for Homeowners at The White House blog.


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Eligible loans will now include those where the new first mortgage (including any refinancing costs) will not exceed 105% of the current market value of the property.  For example, if your property is worth $200,000 but you owe $210,000 or less you may qualify.  The current value of your property will be determined after you apply to refinance.

By   white_house  
Feb 28, mid-morning |  Report?