Profile picture for Jim7212

My house is valued about$122,000. Can I combine 1st & 2nd mort. of $120,000 into a 10 yr loan?

1st mortgage-$30,000 7% 8.5 yrs to payoff. 2nd mortgage-$90,000 8.2% 16.5 yrs to payoff.
  • August 07 2010 - Tucson
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Answers (2)

Profile picture for PrescottAz
You might check with a Credit Union they have great rates on shorter loans. I haven't heard or a 10 yr but I know there are 15yr loans.
Good Luck,
Brad

EverythingPrescott.com
  • August 08 2010
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Hi
Talk with a lender, I strongly suggest Paul Volpe at Nova Home Loans.  I had referred him to several clients including refinance and all have been very satisfied.  You can call him directly at 520 241-4048.  FYI, just because Zillow says your house has a value, does not make it so.  If you read their own fine print, there estimates can be off by +/- 20% so it will need to be appraised as part of the refiance process and want you to be pre-pared if it is a different amount.

Good luck.
Spirit Messingham
Tierra Antigua Realty
(520) 471-6900
  • August 07 2010
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