When will the property values stablize? We are hurting becuase we have not enough equity to refi.

Hi Debbie, that is a good question and one that most housing analysts are asking themselves to no avail. There are many factors that need to be developed to get your answer. Here are a few: How many homes were sold in your market last month? How many total homes are still for sale? How many months of housing inventory does your city have? What is the mortgage deliquency rate in your neighborhood. These are just a few questions to answer so you can see how stable your neighborhood is currently. Please feel free to call me if you would like me to see if your home qualifies for the governments Home Affordable Refinance Program. You can refinance up to 105% of your homes value under this program.

Check with mortgage companies. There are programs that allow you to go up to 125% of the value. I'd be happy to help if you are in the state of IL.

Brian is right; we're all asking that question. There have already been several areas in the country that are stabilizing; it's the recovery that will take a while. Take a look at one of the Home Affordable Refinance Programs to see if you qualify.

Hi Debbie,Have you applied somewhere and been turned down or just guessing that you will not qualify somewhere..?Best,Matt Davis888-PierWest(743-7937) X 701Matt@PierWestCapital.com

Yes Debbie, it probably will be several year from most of what I have read. Have you explored all of your options? What do you owe on your home and what do you think it's worth? .... Happy funding, Rudi