With today’s interest rates, we’re looking at refinancing our home. Unfortunately, all the programs that currently exist help people who are having problems paying their loan. We aren’t. In fact, we’re a good risk. Chase has never sold our mortgage. This screws us.

Due to falling property values, we owe more than 80% of the value of our home. If our loan were owned by Fannie Mae or Freddie Mac, we could refinance without PMI. As it is, we can’t. Amusingly, per Chase customer service, if we refinanced with PMI, they would sell our loan to one of the FMs.