Refi question

Posted by Ang on September 24, 2004 at 08:54:21:

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?