Close

See current mortgage rates on Zillow Mortgage Marketplace

Profile picture for paberg

Can we refinance?

Our house is currently worth appx $870k. We have a 1st jumbo mtg with $625k balance and a 2nd HELOC with $250k balance. Is there any way we can refinance our 1st to a lower interest rate (currently 5.875%)? Both loans are with Wells Fargo (originally, but now they just service them.)
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 20 2012 - Belmont Heights
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (1)

first mortgage is approx 71% LTV which should allow you to refinance the first mortgage. you would have to subordinate the second mortgage and leave it alone. there should be some payment and rate savings for you with todays rates.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 20 2012
 
Related Questions
Can we refinance?
Profile picture for Brian GFL Capital
Latest answer by Brian GFL Capital
June 20 2012 | 1 answers
Quotes Please--Commercial property (6 units) in Long Beach, CA- 30-yr FX-- LTV 50% --$600K--Fico 780
Profile picture for Tammy Stockdale
Latest answer by Tammy Stockdale
March 26 2009 | 3 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 383 Park Ave, Long Beach, CA Home For Sale
    383 Park Ave, Long Beach, CA 90814

     For Sale: $799,500

    • Beds: 3
    • Sqft: 2210
    • Baths: 3.0
    • Lot: 6577
  2. 4327 E Colorado St, Long Beach, CA Home For Sale
    4327 E Colorado St, Long Beach, CA 90814

     For Sale: $749,900

    • Beds: 3
    • Sqft: 1627
    • Baths: 2.0
    • Lot: 2395
  3. 600 Ximeno Ave, Long Beach, CA Home For Sale
    600 Ximeno Ave, Long Beach, CA 90814

     For Sale: $689,000

    • Beds: 2
    • Sqft: 1125
    • Baths: 1.0
    • Lot: 3833