I have two loans include a mortgage. Is it possible to be refinanced?

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The first loan is a decent rate, but the second is high. Can I get a refinancing at a lower price?

  1. Reply
    April 30, 2011 at 11:11 pm

    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 & KY

  2. Reply
    Jay S
    April 30, 2011 at 11:34 pm

    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.

  3. Reply
    May 1, 2011 at 12:18 am

    Yes. I did it.

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