Can a first mortgage be refinanced to a lower rate if there is also an existing second mortgage?
Filed Under (Renting & Real Estate) by admin on 07-09-2009
cookingmomma asked:
If a homeowner has a first mortgage and a second mortgage, and would like to refinance the first mortgage at different terms, can this be accomplished – does the existing second mortgage put a monkey-wrench in refinancing the first?
If a homeowner has a first mortgage and a second mortgage, and would like to refinance the first mortgage at different terms, can this be accomplished – does the existing second mortgage put a monkey-wrench in refinancing the first?
