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Can I refinance a First Mortgage if I have a second one that I am currently paying?

I am in California if that matters. by laurenm3239 from San Diego, California. Jul 8th 2010 Reply


Gregorio Denny (GVDenny)
#254 ranked lender in California - 380 contributions

Yes you can. You can either refinance them both or keep the second and just refinance the first. There are requirements for this and rather than go into them all here, it's best that you contact a California Mortgage Broker and have them show you your options. Give me a call to discuss; click my profile. Gregorio Denny --WeFixRates.Com--

Jul 8th 2010
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Andrew Vierra (Andrew Vierra)
#116 ranked lender in California - 12 contributions

Yes, a couple of different ways: 1. If your loan is owned by Fannie Mae or Freddie Mac (I can check that for you), you can refinance your 1st up to 105% (meaning your 1st mortgage is 5% higher than your value). 2. If your 2nd mortgage holder will re-subordinate (meaning they'll agree to go back in second lien position where they are now) and your 1st mortgage is less than 95% of your value, you could refinance as well. If you'd like to talk about options further, reach me in my Folsom, CA office: 916-932-7160 or mobile: 916-947-4888. Good luck.

Jul 8th 2010
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Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions

Yes you can. You will want to make sure you get the BEST rate and terms possible. Freedom Mortgage is a Direct Lender and licensed in all 50 states. Please email me for a FREE quote. adennie@fmbranch.com

Jul 8th 2010
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Rudi Hofmann (CaPortfolioLoans)
#278 ranked lender in California - 380 contributions

What is the loan amount and approximate value of your property? .... Happy funding, Rudi

Jul 8th 2010
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