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I am in the SF Bay Area. I paid 542K, balance now of 406K. Interest rate (jumbo) 6.375% Can I refi? Excellent Credit. 750+

Have tried many avenues over the past 3 years and have been told by multiple people to short sell or walk away. Any other options? I don't want to put anymore money towards the house unless it is a nominal fee for refi. We can't charge enough rent to cover the mortgage, either. Any help is appreciated. by sherry_738_271 from Bay Area, California. Sep 4th 2012 Reply


Forgot to add, house is worth MAYBE 280K.

Sep 4th 2012
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No, it was not. Also, it was a Jumbo loan. Those were not backed by them in 2006/2007.

Sep 4th 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

please call me .... at 602 330 1598 i only do referrals for one person that can help you... my email is yourloanpartnerforlife@live.comI love SF, my uncle was a big real estate investor. in SF...

Sep 4th 2012
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Blake Kleckner (BlakeK)
#391 ranked lender in California - 261 contributions

Was your loan purchased by Fannie Mae or Freddie Mac? If so, there is a possibility that you can refinance even at your home's 145% LTV, probably into the 4s. Much more info needs to be given to make this determination. Give me a call 16/7, or email me your phone number so I can call you, and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

Sep 4th 2012
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