REFI Q FOR OLD 80/20 LOAN USING HARPI have two mortgages on a philly condo we bought in 2007 - aggregate loan balance today is ~265K & we are paying ~6.5% but no PMI, I would say property could appraise at 270K - almost 10% drop from where we bought. I'm considering using HARP to refi the first mortgage, or attempt a standard refi at 95% LTV assuming I pay down the loan to 256K. If i went with the second option i would have to worry about PMI and there is a benefit to having the mortgages disaggregated as the second loan wlil go away if i keep overpaying. does anyone have any good ideas as to how to go about reducing my payments. i'm thinking using HARP is best option, but i'm not sure -January 18 2012 - Center City West00YesReport 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.