Can you force your lender to lower your interest rate?
You may have heard rumors that your mortgage lender will lower your interest rate if you can prove your home is worth less than you owe. Carmen Wong Ulrich explains this urban myth.
If you have a financial question you'd like Carmen to tackle, post it here in the comments or email us directly at ivcommunity@mail.ivillage.com
Watch Carmen Wong Ulrich's 'On The Money' Weeknights at 10PM ET on CNBC! Find more information on coping with the economy with our Bail Yourself Out resources.
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