YES, it would benefit you to consolidate both of your loans. Rates are at the lowest right now , way under 4%. With your credit scores, and income, it would make sense for you.. It is a very good idea to get rid of your second, because of some of the things that can happen in the future., and i do not want to scare or confuse you, but i have over 24 yrs in this industry, and i have seen a lot of changes!!! Please call me at 602-330-1598 or my email at lindaforloans@live.com LINDA

If I were in your situation, would begin the process at this time. For the following reasons. First, it sounds like you have enough equity in your home. Second, rates are at a level that will make sense to roll the 2 loans together. Third, there are a lot of unknowns in our markets. It is hard to say what things will look like in the future (if we have a major breakdown in Europe next year credit may tighten back up). I would like to discuss this with you further. Please contact me at your convenience my direct number is 480-980-4783.

There are many variables that come into play here, and consolidation may not be your best option. If you were to consolidate these two loans, your new loan would be considered a Jumbo loan, and rates are not way under 4% for Jumbo financing. I too have over 24 years of Lending experience, but I'm a relationship Lender, not a transactional Lender. I'd be happy to share my thoughts with you, so if you'd like to, please call me directly at 602-508-3777 and we can discuss further.Thanks,Kirk AndersonBNC National Bankkanderson@bncnationalbank.com

You should absolutely refinance, and I have the perfect product for you. Rates are in the low 3's right now... 480-287-5714.. WilliamAcres.com

You may want to have a couple of loan scenarios prepared prior to making a decision. By consolidating both mortgages, you would be considered a Jumbo Loan, which has a higher rate than current advertised rates. I am a local lender/Bank ( North Scottsdale ) and would be more than happy to assit you. Best Regards, Aaron Brown 480-538-0611 x 226

A loan over $417,000 is considered Jumbo money and the rates are about 1% higher than conforming money. Your new loan would be about $556,000. Since your first is at 4.375% it would not make sense to do the refinance at this time.

At first I thought yes, yes, yes. Then when I did the calculation for you. Your blended rate is 4.854% which isn't that bad. consider the fees associated with refinancing. and yes, you will be in the Jumbo market, any loan over 417,000.00 has a higher interest rate. Have you thought of a Reverse mortgage? around 5% and no payments as long as you live in the home & you are 62 yrs or older. You still own the home & the deed is in your names. call me we can discuss. Ellen 541-868-1050