- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (5)
- Norm D Plume, "America Needs Nixon!"
- Contributions:1670
as long as the 2nd stays in place
=======================
the 2nd does not have to stay in place; a person is free to pay if off by other means (i.e. cash).
=======================
the 2nd does not have to stay in place; a person is free to pay if off by other means (i.e. cash).
- Teresa ODette, "teresaodette"
- Contributions:3
At this point, investors are saying yes, as long as the 2nd stays in place.
Let me know if you have any other questions!
Let me know if you have any other questions!
- Norm D Plume, "America Needs Nixon!"
- Contributions:1670
Yes, but the second mortgage holder will have to agree to subordinate to the new first mortgage.
=======================
................and not all lenders will agree to subordinate. check with the 2nd mortgage lender to see if they will before proceeding with the 1st mortgage.
=======================
................and not all lenders will agree to subordinate. check with the 2nd mortgage lender to see if they will before proceeding with the 1st mortgage.
- David Stein, "Military Loan Expert"
- Contributions:315
Yes, you can only refinance the 1st mortgage NOT the 2nd mortgage. Need to subordinate only. ps...Every lender has its own rules for subordination.
- Howard Vernick, "HowardVernick"
- Contributions:47
Yes, but the second mortgage holder will have to agree to subordinate to the new first mortgage.
If there is a 2nd Mortgage on the property will a HARP 2 refinance be available?
-
- 0.0/5.0
Contributions:1Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.