Mortage balance is $472000. value is $440000. it is a conventional jumbo loan at 5.78%. Want refi?With upside down value, no financial institution wants to refi. I would like to find 5.0% mortgage to refi or do a rate adjust. Is it possible? I had the loan since June 2005 with PenFed credit union. They are willing to do rate modification but charge 1% of the loan. It is at 5.65% Do you think it is work rate adjust?April 13 2009 - Centreville00YesReport 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.