Upside down refi ???We have excellent credit and pay our mortgage on time. we bought our first home five years ago at the peek of the market. our rate is 5.75% on our mortage and we also have a home equity loan we took out two years after buying that rate is 8.75% . we did not have 20% down when we purchased so we also pay PMI. we did put down about 6%. are there any options for a refi for us ? so far our mortgage co and our bank say we are out of luck.October 01 2010 - Fairhaven0YesReport 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.