Upside-down Refi

[Joel C.]

I know the mistakes I made.

Looking forward.....

3Unit
non-owner occ.
non Freddie or Fannie
1st mortgage ~$225K 7% 30yr fixed
2nd ~$79K 8.125% 30yr fixed

Will appraise for ~$225K

$2650/month gross rents

Not going to walk away at this point for many reasons.

At very least would just like to get the rates lowered.

I have tried to talk to the lenders many times. They deny me because I have [u][b]always paid on time and have a good W-2 income corporate job.

What are my options?

[James H.]

I think your only option would be to come to the table with cash to lower the LTV. Maybe you have some equity in another property where you could find some cash?