Can I refinance my home if I have less than 20% equity with my mortgage and home equity loan combined?

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The worth of my home has declined though we would similar to to get a reduce seductiveness rate, generally upon a home equity loan. Help.

Related solution post:

  1. if i take out a home equity loan now will this loan affect me if i want to refinance my mortgage.?
  2. Can I refinance my mortgage without having to payoff my home equity line of credit balance?
  3. Refinance Mortgage or Home Equity Loan?
  4. home equity loan to pay off mortgage? or stay with home mortgage loan?
  5. What is the difference between a 1st mortgage, 2nd mortgage, and home equity loan?

Comments (4)

hmm… not sure if they’ll refi you, but I called my bank and asked for a loan modification and dropped my interest rate a couple points.. I only went out of pocket about $300 and saved myself $300 a month on my mortgage.. so, call your bank and just ask them if they have any loan modifications or "streamline" refinance options available.

If you have enough cash to buy one of them down so that you are under the 80% LTV, sure, you can do it.

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