Q. We are upside down with the market value of our home. Our current mortgage Company said that they would accept a short payoff of our mortgage. Both of us are self-employed.
A. You can get up to 90% Loan to current Market Value (LTV) if your current lender is willing to take that 10% off the current market value and subtract the closing costs. You would still have to qualify from a credit and Debt to Income perspective