namtrag. If you are losing value on your house, there are special programs now for re-financing for people like you who make payments on time. Contact your mortgage company and discuss with them. Do an internet search and you should find information about these government mandated programs. MY mortgage company contacted me this summer and refinanced my loan at 2 1/2 percent lower interest and I was not required to provide proof of income or anything else. All closing costs and fees were paid by the mortgage company (not added to my principle) and my payments are lower. I have Chase Home Finance, but they are all required to participate and are supposed to seek out loans like yours to refinance (unless you already have a minimal interest rate). Mine was a very good rate in 1998 when I closed, but high for what they are offering now.
