Posted by christopher w on October 26, 2009 at 10:46:50:
In Reply to: Refi to Lower Payments - Possible? posted by Steve on October 23, 2009 at 16:21:47:
Refinancing will not be possible because you are so far underwater. I would contact the lenders and ask them about modifying your loan. It can take awhile, but at current interest rates you could save quite a bit of money in interest.