Our HELOC is due in a balloon payment soon, refi was declined due to low appraisal. Now what?...We have a HELOC that is due soon in a balloon payment. We can not pay this so we tried to [url=http://www.mortgagefit.com/refinance.html]refinance[/url] it with the same bank that first administered the loan. It was declined because to appraisal came back too low. They gave the loan in the first place and thought the value was sufficient. I realize the economy is a huge issue here but I am not sure what my best option is now. Our current mortgage is an FHA mortgage and we would consider refinancing them both if that is the best option. Any suggestions?