I have a mortgage with 11%+ interest & the value is less than my current loan, can I refi or lower the rate?

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3 Comments
  1. Reply
    Ryan M
    April 29, 2011 at 9:39 pm

    That is up to your BANK, not anyone here. Ask them! We don’t make the decisions on your mortgage.

  2. Reply
    monkey123
    April 29, 2011 at 10:07 pm

    turn it into a investment property (rental)
    and ( negative gear it )
    in other words only pay the interest only
    and receive the money bank in your tax deductions!!!

    problem solved

    sell it later when the house is worth more money

  3. Reply
    Helen Peterson
    April 29, 2011 at 10:58 pm

    Hello,

    I live in the US and i really have never seen goodness shown to me this
    much in my life as i am a struggling mum with three kids and i have been going
    through really rough times in my life and my name is Helen
    Peters and in all this hard times, a worse incident occured in my life as i
    lost my job which was my only means of survival and things became really bad as
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    from a tree house and the doctors informed me that he needed a surgical
    operation for his knee so he could walk again and at this point, life was
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    sit down and cry till the break of dun until one day, i read an advert on yahoo
    answers of man that stated that he could help people in my shoes with loans and
    in my desperate situation, i had no choice but i had to try and so shocking and
    suprising, it was like an impossibility becoming a reality, i got a loan of
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    and thank GOD it was successful and now, i am okay and living in comfort with my
    kids and i said to my self, i have never ever seen this kind of wonder in life
    and i decided i will tell it to the whole wild world and i need every one to
    thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
    even when all hope had been lost and gone and i will say to every one, no matter
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    people on earth and if you are in my former situation or require a loan
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