It seems clear now that one major hindrance in the mortgage world is underwater mortgages.  While the home loan modification program has seen, debatably, decent success, there are still far more homeowners looking for a home loan modification than are receiving one.  However, forgotten homeowners that may not qualify for the modification program are looking for help in refinancing their underwater mortgage through the Home Affordable Refinance Program.

Homeowners looking at an underwater mortgage may be able to afford the monthly payments or may be struggling on their mortgage payment on an underwater home loan, but refinancing for a better deal isn’t something that is an option when someone’s home is valued less than the mortgage.

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