Is it possible to refi with No equityWe owe about $270k on home. It's worth about $200k (according to market). Is tthere every a possibilty that a bank would assume loan under this circumstance - Excellent credit with both parties on loan. We have a good rate now 5.875% 30 yr fixed, but I see some rates in the 3% range. Would it be a good idea to even consider? November 12 2010 - Surprise00YesReport 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.