Need Refinancing Help!I had to take a job which required me to relocate from AZ to CA. I tried selling my home in AZ, but had to lease it. My first mortgage balance is $293k @ 6.5% and my second mortgage balance is $59k @ 9.1%. Could it possible to refinance the loans to get he interest rates down? Or get a loan modification?My credit is still good between 721 and 748.I know the property is no longer worth $352k nor will I be able to afford paying the difference between the rental income and the monthly mortgage payments. Do I have any other options?May 19 2009 - Tucson00YesReport 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.