It seems i'm the only person i know that can't refinance my mortgage and now the rate is 2 points lower than the one i have. According to my town's assessment and my mortgage i'm upside down a whopping $63,000..but according to zillow i'm only down a whopping $45,000. We just totally renovated one our bathrooms and kitchen with stainless steel and all the toys. Do you think those two renovations make it "possible" for me to refinance my home? I'm expecting no..but you never know. I can' t use the Obama program because we are not having financial difficulties and my mortgage isn't owned by fanny mae or freddy mac.