Combining 1st and 2nd for home value to qualify for AGs Settlement RefinanceOne of the criteria needed for the Settlement Refinance Program is "Have a balance that is greater than the current value of the property" I have a 1st and 2nd on my home both thru Chase. Using only the 1st mortgage, the loan is not greater than the balance, however when combining the 2 mortgages, I am underwater. I have not been able to refinance because of this value to loan problem. Would this scenario with a 1st and 2nd thru the same lender (not a home equity loan) qualify for the Settlement Refinance Program? I contacted Chase directly and they could not answer my question.July 09 2012 - Staten Island00YesReport 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.