What do I need to do to qualify for a refinanced loan? Currently we are at 7.5%.We leased the home for 1 year making each monthly payment on time. The owner of the home took a $5,000.00 down payment and we purchased through him, as he financed at 7.5%.Also our payments are not being recorded with any credit agency. I would like to refinace with a reputable bank or mortage company.August 22 2009 - Cleveland00YesReport 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.