I Am Having Trouble Refinancing My Loan Because My House Value Has Dropped So Much?

refinancing

My home value has dropped to about 105,000 and I owe 130,000 on the place, I have tried the Home Affordable Program but I am not quite eligible. If anyone has any info or advice they can give we that would be so awesome, It is pouring me idiotic that I am stuck in this situation, So Thank You Very Much!

Questions on Refinancing My Mortgage?

refinancing

I’m hoping someone can help. I am baffled. My current loan is an ARM, for 30yrs. My payments went up this month. I need to refinance ASAP.

My loan is interest only, does that mean everything I paid in the last two years is lost?

I’m undefined how much my house value as altered since the market is off. I had a terrible experience with my last broker, right before closing my rates went up.

Are there any benefits dealing with a local bank? And are those rates they show on their websites legit? How would you point out the right one?

Who will most likely charge less in fees?

thank you : (
my “balance” is $165,000. Two years ago before I sent around $15,000 on improvements my home was appraised at $210,000.