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Old 09-24-2013, 10:42 PM
 
1 posts, read 838 times
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Does a bank renew Negative equity mortgage? Can it be transferred to another bank or to any [url=https://www.butlermortgage.ca/mortgages/refinance/]mortgage brokers[/url]? Where is a good place to find more info on this topic other than a bank? If anyone has any experience in the field, please let me know.
Thanks!
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Old 09-24-2013, 11:41 PM
 
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What do you mean renew? A loan can move to a different servicer, yes, regardless of whether the borrower is in a position of negative equity.
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Old 09-25-2013, 12:58 AM
 
Location: Boca Raton, FL
4,865 posts, read 8,350,344 times
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Smile Harp 2

Is your mortgage owned by Fannie Mae or Freddie Mac? Was it originated prior to May 31, 2009?

You may eligible for a lower interest rate through HARP 2.

What state are you in?

If you are in California, I have several brokers that I can refer you to that are great!
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