I owe more on my mortgage than what my house is worth. And, unfortunately, my loan isn’t owned by Freddie Mac or Fannie Mae, and it is an adjustable rate.
What are my options to refinance my loan into a fixed rate loan? Also, I had a U.S. Department of Veterans Affairs (VA) loan at one time and I sold the house. Would I be able to get another VA loan? I’ve made all of my payments on time.
If your current lender does not participate in any of the loan modification or refinance programs, you might be out of luck if you need a refinance and you’re underwater.
While you didn’t mention your interest rate, you did indicate that your interest rate is variable. Recently, people with variable rate mortgages have found that they are getting a…