Quote:
Originally Posted by P-Dawger
Sorry - not to be thick here but how are you refinancing a house that is underwater by 25k?
Isn't how this how mess started in the first place ?
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Refinancing at greater than 100% LTV is part of the HARP program. Its one of the reasons that things arn't much worse than they are already. Not sure how you figure refinancing was the cause of current mess.
If you refinance under HARP, if your current loan doesn't have PMI, you're new loan wont either. If it does, then you will.