| Refinance
I'm attempting to refinance my mortgage (5-yr ARM adjusts early 2010) and I'm trying to figure out what I need to do to "compare loan offers". I'm upside down and cannot come up with a down. However, some lenders are telling me it may be possible.
The first thing I don't know is the actual house value. Should I call in an FHA appraisal on my own then apply for loans?
Do I have options for "restructuring" my mortgage? I was told by one lender that if they can't get a loan for me they will renegotiate the loan with my current lender at a cost of $1600. Is this a scam? |