How can you refinance a home loan if you owe more than your property is worth?

In: Mortgages, Home Equity and Refinancing, Home Buying

More than likely if your credit is good you can still refinance a home that is valued at less than you owe. You would have to roll the difference in what it's worth and what you owe into the new loan. This would only be beneficial if the new loan had a much lower interest rate than your current loan.

You can consult a mortgage professional for further details on your options regarding the situation.

First answer by ClassicJag. Last edit by ClassicJag. Contributor trust: 11 [recommend contributor]. Question popularity: 1 [recommend question]

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Can you refinance your home if your property value has dropped? How do you refinance when you owe more than your house is worth? How do you refinance a house when its not worth the loan amount? Can you get a home refinance loan if your appraisal is less than you owe?