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can i refinance my second mortgage

How to Get Rid of a High-Rate Second Mortgage –  · A high-rate second mortgage can be an expensive bill for you month after month. The good news is that there are several ways to either pay it down or get rid of it altogether, depending on your motives. The first thing you need to consider is how long you plan on staying in the home.

How can you refinance your first mortgage when you also have a home equity loan or HELOC? Submit a subordination (or "resubordination") request. Here’s what to know about the process and how to.

Second Mortgage Foreclosure Q&A – Bills.com –  · Always remember the 2nd loan mortgage is called a second for a reason its a 2nd, the the first mortgage has a lien on your house. 2nd mortgages are suppose abide by the law but don’t. But their are lawyers that can help you. E-mail legal aid and congressmen. and they direct you to.

Can I refinance my current Mortgage and roll my Home Equity Loan into the new loan. – In this process I am looking to reduce my. it can be combined with the 1st mortgage into a conventional loan. This effectively eliminates the one time loan insurance payment and allows for dropping.

Mortgage Information : How to Refinance a First & Second Mortgage Can You Refinance a 1st Mortgage & Still Keep a Home Equity. – Can You Refinance a 1st Mortgage & Still Keep a Home Equity Loan?. then apply for the refi. Another, if your total debt isn’t too high, is to take out a refinance mortgage that can pay off both the first and second mortgage. If neither is an option, you’ll have to forgo refinancing for now.

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Can I Refinance My Second Mortgage – Can I Refinance My Second Mortgage – Refinance your mortgage right now and you will lower rates and shorten your term. Find out more in our site how much you could save up.

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Most lenders have a waiting period before you can get approved for a refinance combining your first and second mortgages. While every lender is different, the consistent waiting period is at least.

Can I Get a HARP Refinance with a 2nd Mortgage? – Can I Get a HARP Refinance with a 2nd Mortgage? NO, you cannot combine a 1st and 2nd mortgage together in a HARP refinance, but they will allow you to subordinate your current second lien and refinance your underwater 1st mortgage

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So you can see the criteria I mentioned earlier – the length of time you’ve held the second mortgage, and the amount of equity you currently have in the home. Every lender will put their own spin on this, but these are the key criteria involved when you refinance to combine a first and second mortgage loan. In fact, the 12-month requirement.