I owe 170k on my mortgage and it is worth 155k. What do I need to do to refinance?
Question by sjr07: I owe 170k on my mortgage and it is worth 155k. What do I need to do to refinance? Best answer: Answer by ?Your upside down on that house. You have no equity. All the refinance in the world will only make you more upside down.Your in the hole 15K borrowing more will mean even bigger debt. Is that what you want? Add your own answer in the comments!
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