My home is only worth aprox what I owe and my interest rate is high is there a way I could refi?

It depends on what type of loan product you have now.. FHA, VA, USDA, and conventional loans all have some sort of refinance option where no appraisal would be necessary, but the guidelines vary greatly from one loan product to the other.. The only way to know for sure is to contact a LOCAL mortgage broker and apply with them. Once they see the complete picture, the should be able to advise you as to which product would best suit your scenario. 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. 480-287-5714 WilliamAcres.com

You could quailfy for a HARP refinance. Which would allow you to refinance without an appraisal and get a lower interest rate. Please contact me directly to see if you qualify today!

Depends on the type of mortgage you have now and when it was closed. Many (maybe most) loans before June 1, 2009 are eligible for special options to refinance regardless of how much you owe on the home. Use caution in selecting a lender, a reputable mortgage banker whether local broker OR bank, or one with a regional/national will be able to help you an do a good job. There are both brokers and loan officers with the national companies that don't provide good service. I just had one the other day where the loan officer from one of the major internet companies (advertise like crazy on TV) should have known they did not have the right loan for the borrowers situation because the property needs repairs but they ordered the appraisal anyway costing both time AND money.

See William's response.

Very likely - talk to a Lender in your area - VA, FHA, RD, Fannie and Freddie all offer refi's without equity you meet the qualifications.

If you would like to see if you are eligible for the HARP program please give me a call.Sharon732 606 6264

You could potentially qualify for a HARP refinance if your loan is owned by Fannie or Freddie and was originated before May 31st, 2009. If you have a VA or FHA loan you could also complete a streamline refinance.