Refinance 1st only?If you have a 1st and 2nd mortgage-can you only refinace the 1st? Our home value has gone down like everywhere else but the house is worth more then the 1st mortgage...Am I making sense?April 02 2009 - Dove Canyon0YesReport 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.