Banks not willing to re-fiOur mortgages:Mortgage #1 for Home #1 (pri-residence): 6.25%, owe $660k, valued $594kMortgage #1 Home #2: 6.5% ARM, owe $193KMortgage #2 Home #2: 9.875% ARM w/ BLN, owe $40KHome #2 assessed value: $150KWe recognized a long time ago that we really needed to get out from under these loans, but the homes value has never held against what was owed, so no one would re-fi. Balloon payments are coming due in 2020 on the $40k, and an adjustment on the first mortgage is coming in 2015. With the banks not willing to re-fi anything, I'm afraid that they will ask for everything in one lump sum, and we will loose everything. What shoudl we do? Note: Loans are not held by Fannie Mae, or Freddie Mac.July 05 2012 - Mukilteo00YesReport 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.