Since my last post on refinancing, I have visited a great deal of posts and articles on the web and have learned that we have something is common: • Many of us have the same problem with trying to get a refinance. That problem is: 1) We are underwater (our house is worth less than what we still owe). In mortgage terms, our loan-to-value (LTV) ratio is above 100%. 2) We faithfully make our payments on time 3) We have no other home equity or liens against our property 4) We have private mortgage insurance (PMI) Number 4 is the real kicker. In most instances, this is where all the government help you see advertised all over hits a brick wall. … [Read more...] about Adventures in Refinancing, Chapter 3