Q&A: Can I refinance my home loan since I have been laid off?

A couple of good large residence pictures I located:

History of the Large House

Image by K. Todd Storch
This was in the livingroom of the Large Home explaining some of the families that had lived in the residence considering that the 1800’s.

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Construction at Michigan Stadium (the Big House) – University of Michigan’s Football Stadium

Image by cseeman
Huge rennovations at the Huge House – Michigan Stadium – at the University of Michigan’s Ann Arbor Campus.

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Question by Nerd: Short Pay Refinance Question?
I have heard of short pay refinances for underwater mortgages but can you do this with a VA home loan? If not are there any options for severely underwater VA home owners? I know there is a VA streamline refinance, decease but this doesn’t help with the underwater equity, salve just with the interest rate (or so I think). Any info is appreciated. Thanks!

Best answer:

Answer by the kid
If you qualify for HARP, you can refi an underwater. If you don’t, you can’t without bringing cash to the table.

Helps only with the rate does not in any way help with the principal.

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Question by Drum Wiz: Can I refinance my home loan since I have been laid off?
I was laid off from my job a few months ago, visit web and my current home loan is current with no late payments. Things are starting to get tight on our finances. Are there programs or companies that will provide refinancing when someone has been laid off?

Best answer:

Answer by StephenWeinstein
Refinancing? No.

However, story a “loan modification” may be possible.

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