By Marcie Geffner - The Washington Post
By Marcie Geffner - HSH.com
Many homeowners think they need a big chunk of equity to refinance. But in fact, it's possible to refinance with very little equity or even none at all.
How much you'll need depends on a number of factors, says Michelle Velez, sales manager at W.J. Bradley, a mortgage company in San Mateo, California.