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do you refinance second mortgages

by wayneeagle611 from , Tennessee. Sep 30th 2014 Reply


Edward Fallon (edfallon)
#92 ranked lender in Pennsylvania - 143 contributions

It will depend upon the state in which the property is located.

Sep 30th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

Although you can refinance a 2nd mortgage, there's usually no benefit. most 2nds are a variable rate and refinancing would only get you the same rate you have now.. however if your 2nd is at a fixed rate, then it's possible you can get some payment relief by refinancing.. you could also look into refinancing your first and 2nd into one new first mortgage.. depending on what your rate is on the first, will depend on whether it's beneficial or not.. try contacting a local mortgage broker and let them do a loan review for you.. you might have several options to consider.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Sep 30th 2014
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Tennessee

Sep 30th 2014
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Edward Fallon (edfallon)
#92 ranked lender in Pennsylvania - 143 contributions

Tennessee is outside of our lending area, but try the local banks. Local banks especially are very good at second mortgages.

Oct 1st 2014
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