Can I combine my first and second mortgages at a lower interest rate?
Answers | 2
October 30, 2016
You can combine your first and second mortgage into one new mortgage, but there a few factors you would need to consider. You would have to check the current rates on your two mortgages and what the new rate would be. You also need to have the equity position available to combine the two balances into one loan. Many times, most borrowers like having just one mortgage payment as opposed to two.
Asked by roger taylor
Asked by Charles Jones
Answered by Mark Haynie
Mortgage Professional in Los Angeles, CA
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