How can I refinance an underwater investment property?

Hello, you can refinance your investment property if the loan is owned by Fannie Mae or Freddy Mac, the loan was taken out prior to June of 2009, and if you originally had 20% equity at the time. Please feel free to contact me and I could look up your property on their website to see if your loan is owned by one of them at 949.491.8607 or jolson@afnmortgagelenders.com . Licensed in AZ, CA, CO, NJ, & OR.

OMG. This is why you need to work with Licensed Professionals with experience. If your loan is an FHA loan, IT IS eligible for refinance under FHA's Streamline program. Most Novices believe that the home must be a primary residence. Not True. Under FHA's streamline refinance program, No appraisal is required, but, depending on the lender you use, you will probably have to income and credit qualify. The bonus is that under FHA's enhanced Streamline, your new up-front MIP premium is 0.01% of the new loan amount and the monthly MIP premium is only 0.55%. Look for a Lender using the "Find a Lender" link above or look for a Licensed Mortgage Professional at the National Association of Mortgage Professionals at: http://www.namb.org/assnfe/SearchBroker.asp?SnID=1921118381

Hello: Very few companies will try help you out in this situation like the answer below. I work with one of them but only for jumbo mortgage holders that are Underwater by 20% or more.