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How Can I Get Out Of My Current Mortgage If My House Is Worth Less Than I Purchased I

This is a topic titled How Can I Get Out Of My Current Mortgage If My House Is Worth Less Than I Purchased I made in the Mortgage Talk section, belongs to our Mortgage Chat category; I purchased a townhouse almost three years ago now when prices were very high. Now my family is expanding and I want to buy a single family home, but my ...








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Old September 5th, 2008, 11:28 AM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default How Can I Get Out Of My Current Mortgage If My House Is Worth Less Than I Purchased I

I purchased a townhouse almost three years ago now when prices were very high. Now my family is expanding and I want to buy a single family home, but my delima is my townhouse is not worth what i purchased it for and i would end up owing if I was to sell now (if i could even do that with the market right now). I would like to know if there are any mortgage options for getting out of this loan if i plan on purchasing another home. IF THAT'S EVEN POSSIBLE, I'M CLUELESS, HELP. I hope u understand what i'm trying to say.
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