Can I refinance my house if it has dropped in value and I have no equity?

Answer No. Banks will not refinance a home loan if it is not secured by the value of the home plus at least 10 percent equity (20 percent is better). If you have cash on hand, you may be able to refinance... Read More »

Top Q&A For: Can I refinance my house if it has dropped in v...

Can you refinance with no equity?

You can receive a no-equity refinance loan. To qualify for a no-equity refinance loan, keep your payments current, maintain a healthy credit score, and maintain or improve your property. Research s... Read More »

Can I Refinance My VA Loan If I Have an Equity LOC?

You can a refinance a Department of Veterans Affairs, or VA, secured loan even if you have a home equity line of credit, or HELOC, secured on the same property. The VA insures loans on behalf of le... Read More »

Can I refinance with negative equity?

"Negative equity" means you owe more on your home loan than the house is actually worth. To refinance, you'll have to come up with enough cash to pay down your debt so that your loan balance is les... Read More »

Texas Home Equity Refinance Laws?

Second mortgages are common, especially for those needing to pay for home repairs or make other investments. Securing a second mortgage, also called a home equity loan, involves securing a new loan... Read More »