Refi question

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Posted by Ang on September 24, 2004 at 08:54:07:

I was wondering if there are any companies that refi people without any equity in their home. Our mortgage is $430...probably worth about $460. Right now we are stuck in an awful mortgage (a deal with the DEVIL-AMERIQUEST). Payment is $3200/month. All of it goes to interest only, so we are never going to get equity. Is this a hopeless situation?

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: I was wondering if there are any companies that refi people without any equity in their home.  Our mortgage is $430...probably worth about $460.  Right now we are stuck in an awful mortgage (a deal with the DEVIL-AMERIQUEST).  Payment is $3200/month.  All of it goes to interest only, so we are never going to get equity.  Is this a hopeless situation?


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