can we refinance a rental property to a lower interest rate without closing costs?We are upside down in a condo we purchased as our first home. We owe 120K on it, and it's estimated value is 100K. Currently, the rate is 6.75% and the payment $990/month. We have renters in there now, but they are not staying too much longer and we don't live in town anymore (making it hard to rent again). The condo also carries a $300/month HOA payment. Desperately need to lower the payment without increasing the loan amount before we default on the payments.November 12 2012 - 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.