Refinance OptionsI got a 30 year mortgage at 7.25% in Nov 06 for $185K, at the time the house value was just short or $200K and current balance is $176K. In Michigan prices have dropped crazy amount, had an appraisal done in Mid 2009 saying $140K, are there any options out there that would allow me to lower the 7.25% without the appraisal as according to Zillow (not saying its 100% accurate) but the value is lower than it was even in 2009.Credit Scores over 800 and Household income around $140K annually.April 12 2011 - Shelby Township00YesReport 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.