Posts Tagged "$130K"

I am in Orlando and my house is valued at over $130K less than what I paid for it 5 years ago -?

on Feb 24, 2013 in HARP Refinance | 5 comments

Question by tubble007: I am in Orlando and my house is valued at over 0K less than what I paid for it 5 years ago -? Is there any programs for people that haven’t experienced any hardship? Should I try to refinance? I am currently paying 5.75%.(probably not worth it) What is some proactive steps to take make it worth keeping my house or reducing my payment? Thank you Best answer: Answer by Not My Real Name or FaceUnfortunately there really is not anything you can do. I bought a house near Orlando for my daughter in 2005, paid $ 250K and now it is $ 140K at best. No mortgage involved, I just lost the $ 110K. As long as you are paying your mortgage, keep doing so. You don’t want the credit score hit a foreclosure would cause. You could certainly refinance down to 4.99% or so which would save you quite a bit on your payment. What do you think? Answer below! I am in Orlando and my house is valued at over $130K less than what I paid for it 5 years ago...

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