Should I refi a rental that is intrest only loan and underwater.Have a rental house that is under water. Currently and have been paying on a interest only loan. Should I refinance to a regular mortgage by using some cash at the low rates today?February 22 2014 - East Reno00YesReport 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.