Can I refinance a 2nd that pushes both my mortgages over my homes value by 10K?I have a 1st at 5.75% with 133K remaining. I took out a 2nd two years ago due to some medical issues for 77K at 12.25%, knowing that no problem, my house is worth it, I can refinance after a couple years. Well, 2 years later my home's value has dropped to $10K below what my mortgages total. Can I refinance/consolidate into one loan for the full over- value amount? Can I refinance just the 2nd with the value of my home less than the mortgages now? (I've not missed any or been late on either mortgage's payments, but I had really planned on refinancing at a lower rate three years into the loan. I'm going to have a lot of trouble if I can't refinance soon. What are your thoughts, suggestions?December 18 2008 - West Cloverdale00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.