My current lender told me they cannot consolidate my 2 mortgages. 1st is 311K 5.875% 2nd is 34k 7.8%However, they say I can refi the 1st loan for 4.75% with 10.4K closing costs. Isn't this way too high? Is this worth it? What options I have? we have excellent creditApril 15 2009 - Phoenix00YesReport 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.