Here is your government bailout. Three years ago home values were higher but so were interest rates. Today's rates are in the low 5s and high 4s. Thanks to the "Making Home Affordable Plan" homeowners who have loans backed by Fannie Mae or Freddie Mac may be able to refinance even if their home has lost value and they have little or no equity. You won't have mortgage insurance if your original mortgage didn't have mortgage insurnace. Do you have a 2nd mortgage? Might not be a problem. Upside Down? Might not be a problem.
Call me today and I can teach you how.
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