1st and a 2nd mortgage with combined LTV at 97%.Decent credit scores low to mid 700s and upper 600. 1st mtg at 6.5%and 2nd is about 7%. Looking at staying in house another 3-5 years. Not a veteran. Current isn't Fannie or Freddie. Last appraisal was almost a year ago with value coming in at 318k. Balance is 306 k. Looking to lower monthly payment and still pay down principal. Is there a solution?August 24 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.