Is there a way to refi a 2nd home with MI built in?I have a 2nd home in Hilo, HI that I now have to rent out (it is actually the first home I have owned but somehow claimed as a 2nd home since I do not live in it). I have a 6.75% 5 year ARM and have been forced to rent out the house but will lose my renters soon. If I can not find renters or refi to a lower rate and payment, I will not be able to afford the home. I have contact B of A to have the MI removed so I can refi but the request was denied. Is there anything I can do??November 20 2009 - Hilo0YesReport 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.