Does it matter how much my house is worth to refinance the mortgage?

marceloaneira asked:


Example, my current mortgage is 229,600 and my house is worth about 265,000(per Zillow) I’m just looking to refinance the mortgage only, without any equity cash out.

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Tags: House Mortgage, Refinance Mortgage, Zillow

This entry was posted on Saturday, September 20th, 2008 at 10:56 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Does it matter how much my house is worth to refinance the mortgage?”

1. src50 Says:
   September 21st, 2008 at 9:13 am

   You bet it does.

2. infinite crisis 247 Says:
   September 23rd, 2008 at 1:51 am

   sure it does. in your case, assuming that your credit and income is good, you would probably be able to refinance. however, lets say that your mortgage was 230k and the home was worth 200k. you would not be able to refinance, as you would not receive a sufficient amount to allow lender 1 to relinquish the lien on the home, unless you provided the 30k shortfall.

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