Is there anyway to refinance my home mortgage if its underwater by $75000?

Credit and mortgage advice Forums Home Mortgage Is there anyway to refinance my home mortgage if its underwater by $75000?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 5 months ago.



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    Anonymous

    I lost my job, and we are working on my wife’s income. I have went bake to school to try and get my BS because there are no jobs. I have already tried to get a loan modification from chase bank, but they denied us because we have money in savings and have not missed a payment. We are trying to stay away from missing payments and keep taking money out of our savings to do pay our mortgage. The houses current value $250,000 and we currently owe $325,000.
    Thank you very much for you input. I opted not to take unemployment because there are already too many people using that service and i did have a part-time job. I just wish there was something we could do about our mortgage, because my wife is working so hard because she does not want it to effect her credit



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