Is it possible to refinance a 1st and 2nd mortgage (combine into 1 Jumbo Loan) while also adding a HELOC?

1st mortgage: $390K
2nd: $48K
Property Value: $700K

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Answered by Christopher Tanael, Wholesale Rep in San Marcos, CA
Yes, you can do this. Feel free to contact me through my profile, I can help you. | 05.24.16 @ 17:38
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$commenter.renderDisplayableName() — {comment} | 12.06.16 @ 08:35
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
Yes, you would be wise to keep the new first mtg at $417K (the max "conforming " loan limit in most counties and then get the new HELOC in place to payoff the remnant of the existing 2nd mtg and for the additional funds you want access to. | 05.24.16 @ 19:18
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$commenter.renderDisplayableName() — {comment} | 12.06.16 @ 08:35
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