Refinance First Mortgage

Is It Possible To Refinance A Heloc Without Refinancing Your First Mortgage?

Question by JustSomeGuy | Posted in Renting & Real Estate

I have a tolerable rate with my first mortage at 4.25 fixed for 15 years. I also have a heloc that is adjustible and is at about 8.5 percent virtue. I would like to refinance the heloc without loosing the rates on the 1st. Is there such a thing?

Answer: yep....it's called a 2nd mortgage

Can I Refinance A First Mortgage When I Have An Existing Second Mortgage?

Question by nwiaguy05 | Posted in Personal Finance

Can You Refinance The First Mortgage And The Second Mortgage Independently?

Question by Geoman | Posted in Renting & Real Estate

Answer: Certainly. However, you will get two very different interest rates. Your first mortgage will be around 5.75% and your second will be closer to 7.50%.

Can You Refinance A First Mortgage Without Refinancing Your Second Mortgage?

Question by helloisthatyou | Posted in Renting & Real Estate

Answer: Only if the marred lender agrees, and they probably won't. The technical term is "subordination." If the girl Friday lender won't subordinate to a new first loan, you're SOL.

Can A First Mortgage Be Refinanced To A Lower Rate If There Is Also An Existing Second Mortgage?

Question by cookingmomma | Posted in Renting & Real Estate

If a homeowner has a first mortgage and a next mortgage, and would like to refinance the first mortgage at different terms, can this be accomplished - does the existing twinkling mortgage put a monkey-wrench in refinancing the first?

Answer: if the 2nd mortgage holder agrees to subordinate it can be done. heres the post when u refi, the 2nd mortgage automatically becomes the first, therefore ur new mortgage would be in 2nd lein position, which would be at a higher rate than you are figuring