7 Secrets to Refinancing an Underwater Mortgage – An underwater mortgage can drag you down. Learn how to refinance and why now is a great time to contact a lender – even if you were previously denied. Recently, I spoke with underwater borrowers who have refinanced, one through a government program and another through his current lender.
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More Underwater Borrowers Refinancing | Browse Mortgage Rates – Second, lenders refinancing mortgages under the program were granted immunity for underwriting errors made by the original lender, making banks more willing to refinance other lenders underwater loans. finally, some of the fees charged to certain borrowers were eliminated.