We have a first mortgage, second, and HELOC. Our home assessment took a $70k crash last year. We are sorely upside down. Are there ANY refinancing options left for us? We're looking at $239k total owed with all 3 with a home value of $170k. My husband was wondering if we could just refinance the second since the 1st wouldn't allowed for that with the 95%LTV and having to subordinate the second loan etc. Any suggestions?
We're able to make pymts etc, but obviously our previous poor choices we aren't making any headway. Our interest rate is higher than need be and it'd be nice to refinance for a lower rate etc.