Zillow Advice: Refinance - Looking to refinance/consolidate http://www.zillow.com/advice-thread/Looking-to-refinance-consolidate/321406/ Zillow Advice | Zillow Real Estate You can go to 90% and soon ... http://www.zillow.com/advice-thread/Looking-to-refinance-consolidate/321406/ You can go to 90% and soon 100% cash out if your a vetern via the VA <a href="http://www.zillow.com/mortgage/">loan</a> program.<br/><br/>Let me know if this helps. Tue, 02 Mar 2010 19:20:00 GMT http://www.zillow.com/advice-thread/Looking-to-refinance-consolidate/321406/ 2010-03-02T19:20:00Z Knowing the details current ... http://www.zillow.com/advice-thread/Looking-to-refinance-consolidate/321406/ Knowing the details current rate, program&nbsp;estimate value and <a href="http://www.zillow.com/mortgage/">mortgage</a> balances) would provide&nbsp;more exact responses.&nbsp;<br/>&nbsp;<br/>Also stated if&nbsp;you have a Fannie Mae or&nbsp;Freddie Mac <a href="http://www.zillow.com/mortgage/">loan</a> you may be able to <a href="http://www.zillow.com/refinance/">refinance</a> the first under the making home affordable program or if you have an FHA loan&nbsp;refinancing is also possible.&nbsp;There are other&nbsp;techniques that can be used in lieu of refinancing&nbsp;if you wish to pursue as well.<br/><br/><br/> Wed, 03 Feb 2010 21:14:00 GMT http://www.zillow.com/advice-thread/Looking-to-refinance-consolidate/321406/ 2010-02-03T21:14:00Z Without substantial equity, ... http://www.zillow.com/advice-thread/Looking-to-refinance-consolidate/321406/ Without substantial equity, you will not be able to <a href="http://www.zillow.com/refinance/">refinance</a> the 2nd (into your 1st mortgage) or pay off the credit card debt.&nbsp; You may be able to refinance your first, but your 2nd <a href="http://www.zillow.com/directory/lenders/">mortgage company</a> would have to agree to it.&nbsp; In the end, however, it will do nothing to help with the cc debt. Wed, 03 Feb 2010 20:35:00 GMT http://www.zillow.com/advice-thread/Looking-to-refinance-consolidate/321406/ 2010-02-03T20:35:00Z Taking cash out is a challenge ... http://www.zillow.com/advice-thread/Looking-to-refinance-consolidate/321406/ Taking cash out is a challenge in today's environment.&nbsp; back in the 'day' you would have been able to refinance that 2nd mortgage and extract some of that equity, even more with some lenders. today, most banks who offer 2nd's wont go above 90% total loan to value.&nbsp; So take your current estimated value,&nbsp;multiply it by 90%, subtract your first and second mortgage balances&nbsp;and you'll be left with an approx amount you can take out in cash at 90%. <br/><br/>You might be able to refinace your first mortgae especially if it's Fannie or Freddie owned under the HARP program<br/><a href="http://makinghomeaffordable.gov/" rel="nofollow">http://makinghomeaffordable.gov/</a><br/><br/>Make sure to work with a creditable lender when determining your cost/benefit to a refinance. <br/><br/>Let me know if I can elaborate any. Wed, 03 Feb 2010 20:32:00 GMT http://www.zillow.com/advice-thread/Looking-to-refinance-consolidate/321406/ 2010-02-03T20:32:00Z