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Should I refinance my underwater mortgage?

Dear Dr. Don, I have an existing 5/1 adjustable-rate mortgage, and my house is underwater. My loan adjusted three years ago. Although my rate is low now, I want to refinance to a fixed rate, but I don't have any equity in the home. My house is appraised at $310,000, but I owe $327,000.

FHA streamline refinance gets cheaper

The government is about to make refinancing FHA mortgages more affordable -- and potentially easier -- for hundreds of thousands of homeowners. The Federal Housing Administration will reduce mortgage fees significantly for borrowers who qualify for the FHA's streamline refinance program.

As kids' co-signer, why can't I refinance?

Dear Dr. Don, I want to refinance my home. I currently have a 5.5 percent mortgage and can get a new mortgage loan at 4 percent. I owe $173,000, and my house should appraise at $300,000, even in this down market. I purchased the home for $325,000.

Retire with your mortgage or refinance?

If you are age 55 or older and plan to retire in a decade or so, you need to evaluate your retirement funds and your desire to pay off your mortgage before signing that refinance application.Financial planners have mixed feelings about whether homeowners should retire their mortgages before retirement."First, you need to think realistically about what you want your lifestyle to be in retirement ...

Refinance without these high closing costs?

Dear Dr. Don, I am halfway to paying off my mortgage.