can/should I refi from a conventional to a VA loan? I owe $230000 and its only valued @ $190000 Im paying 6.875% and about $185 PMI.Currently, my payment are $1950/mo PITI My credit score is 800+, never late. Originall bought house as investment in sept '07...just before the bottom fell out of the market, so I'll be keeping it for a while to try to break even. Can I refi being underwater, as I am.....how does a loan mod effect your credit score? May 28 2010 - US00YesReport 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.