is it possible to refinance when you owe more than the home's value

Yes- It is a HARP loan or you have do a streamline loan depending what type of loan you currently have in place.

If you have a government loan FHA/VA you may also be able to refinance as well. Contact me for more information. I am New Mexico's premier lender of these type loans.

Yes. If you qualify for HARP you can refinance even if you owe more than the homes value. To qualify, your CURRENT LOAN needs to be owned by Fannie Mae or Freddie Mac and needs to have been acquired by them before June of 2009. If you want to call me, I can tell you if you qualify by using your property address. Joe Shamie 866-970-3400 x-5135

It depends on what type of loan you have now.. If you have FHA, then you can refinance with no appraisal, if you have a VA loan, the same applies.. USDA has a pilot refinance program where you can do a streamline refinance, and no appraisal would be required, but its only offered in certain states.. and if your current loan is a conventional loan owned by Fannie Mae or Freddie Mac, then it might qualify for a HARP 2.0 refinance.. As you can see, there are many options available.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once he sees your complete profile, he should be able to guide you to the right loan product. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Hi Jerry, Yes it is possible. Fannie Mae, Freddie Mac, VA and FHA all have programs to help underwater borrowers who are current on their payments. There are some limitations to each program, so you'll want to speak with a local mortgage professional regarding eligibility.

Hi Jerry,As detailed previously there are several potential options. make sure you discuss your situation with an experienced mortgage professional that is willing and able to offer, explore and understand a wide variety of scenarios. This could be a broker or a lender. In fact, I recommend speaking with both as each tend to have different abilities and strengths. I'm happy to help with the financing or just give you advice. So if you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address is: http://www.loansfromrob.com/quote/ Email is rhanson@gladewaternational.com and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Absolutely depending on the type of loan you have and when it was closed. However, you will not be able to combine any 2nd mortgage or home equity loan into the new first mortgage.

Yes. As the others have posted. Just find out when the last time you refinanced or when you purchased the home and if it is backed by Freddie Mac or Fannie Mae and I can help you. Take care,Kyle

Depending on the type of loan you have, the answer is yes.

Hi Jerry, the others offered good advice regarding options with HARP and government loans like FHA and VA. I'm with a direct lender here in NM and would be glad to speak with you about your specifics. Let me know how I can help. Charlie Sparks, NMLS# 195031, Pinnacle Capital Mortgage. 505-350-3745