The first loan is a decent interest rate, but the second is high. Can I refinance just the one to get a lower rate?I have two loans that comprise one mortgage. Is it possible to refinance only one?
Yes you can refi it, technically.
Banks have really cut back on their willingness to lend though and second position liens are getting squeezed out.
Give it a try.
I have two loans that comprise one mortgage. Is it possible to refinance only one?
you can try but any second deed of trust will be a higher rate as their position is at a greater risk
I am a mortgage banker in TN %26amp; KY
Yes. I did it.
No comments:
Post a Comment