Can you refinance a house that is under water?

Yes, you can refinance a house that is underwater, but it can be challenging. Traditional refinancing options typically require sufficient equity, which is not available if your mortgage balance exceeds the home's value. However, programs like the Home Affordable Refinance Program (HARP) previously allowed some homeowners to refinance despite being underwater. Currently, options may vary based on lender policies and government programs, so it's essential to explore specific alternatives available in your situation.