They weren't interested, so went thru alarm termination process - ate the balance of the system contract. 

If you accidentally take out too much, no rule says you can't pay a mortgage balance down during a refinance. 

Best bet may be a Fannie Mae Small Balance Loan.

I need to keep a healthy balance in order to keep my grades up.

Once certain terms of the note are changed such as maturity date, balance or an increase in payment the modification is considered a new extension of credit and is subject to certain regulations which govern the extension of credit.- The creation of a new "note" would mean the satisfaction and release of the prior security instrument.  

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/ - LISTEN TO THIS TODAY!

My gut tells it's contraction instead of expansion but is that balanced but not carrying any debt service?  

Look up on county recorder site how much the balance and arrearage is.  

In speaking to the PM company, I was told that the delinquency on the 12 month P & L tracked the monthly change in delinquency; if we started the month with a delinquency of $1000 on the first and at the end of the month it was $1500, only $500 would show up for that month's delinquency and the overall delinquency balance increases.

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/ - LISTEN TO THIS TODAY!