Negative Equity Refinance Help
During the housing crisis, homeowners who had negative equity on their first mortgage and had a non-Fannie Mae, non-Freddie Mac conventional mortgage had no option to refinance. A second problem was that many had a home equity line of credit or 2nd mortgage that, when combined with the first mortgage, had too high of a combined loan to value to be able to refinance.
I specialize in refinancing these loans and it is often with a restructured new 1st and 2nd mortgage…. an NO INTEREST ONLY so that equity can build! Call me for details!Questions? Contact Pam Marron Today!