Refi after a 13

[cc8225]

Hello,

I am 1 year into a 3 year Chapter 13. I stripped mortgage 2 and 3 and owe 295,000 on my first at 7.5 interest only. My value is at 285,0000. How soon could i refi to a better interest rate. I have been current on all payments since the BK started. My Mortgage is with wells fargo.

CC

[LSUTiger32]

In this economic climate you aren't going to get anyone to re-fi a loan at $295,000 if the value is $285,000. You are still upside down after stripping the second and a THIRD mortgage????

[cc8225]

Actually it may have increased by 5,000 or so i got it appraised during the BK. The good news is that i was able to srip 175K and cut my monthly expenses by 1000. I am hoping to reduce it further with a better rate.