[InvestorM]

...refinancing my under water mortgage? A few years ago, I refinanced my current place, taking the equity out of it to pay off another house I have which I rent out. My current place was valued at about $245k by the bank. The mortgage from my rental was then moved to my current place. I did this because the resulting interest rate was lower than before and saved me some money in monthly payments. My current mortgage on my current place is about $185k. However, due the recent market conditions and all the short sales here, my place is now valued at only $115 to $120k. It was more than cut in half!!..So I am about $65k under water. I do not plan to walk away from this. Since interest rates are even lower now than when I refinanced...is there any way I can take advantage of this?