WA State 80/20 loan underwater...any refi options for the 2nd?We bought our house in 2007 for $329k. Today it is worth approximately $220k...on a good day. Chase owns the 80% loan, and we were able to refinance it late last year for a 30 year fixed at 5.25%. That's good enough for me. However, the remaining 20% is owned by Bank of America, and the rate is 8.75%.It's very frustrating paying $2,200/month for a $1,400/month house. Do we have any options? I've never missed a payment on anything in my life...but I'm starting to consider the options. Doing the "right thing" is starting to get old...September 14 2012 - Lake Stevens00YesReport 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.