Can I Refinance My Home If I Owe More Than My House Is Worth?

Many homeowners are facing a big problem these days. When they purchased their home, things were good, and the housing market was in better shape than it is today, and their home was priced accordingly. Now though, due to the shaky economy, many homes have actually lost value since they were purchased. This has left many homeowners, who have been making payments for years, with a home that has dropped in value, and they now owe more on the mortgage than the homes worth. For homeowners who are in this situation, their is help, and yes, mortgage refinancing may be a solution to getting into a better, more affordable, and more appropriate home loan.

Source: http://EzineArticles.com/7500393

bank of america fixed rate mortgages harp refinance purchase transaction