Zillow Advice: Refinance - I have a First and HELOC. Can this be consolidated in to one Mortgage. http://www.zillow.com/advice-thread/I-have-a-First-and-HELOC-Can-this-be-consolidated-in-to-one-Mortgage/452687/ Zillow Advice | Zillow Real Estate Not necessarily. &nbsp;We ... http://www.zillow.com/advice-thread/I-have-a-First-and-HELOC-Can-this-be-consolidated-in-to-one-Mortgage/452687/ Not necessarily. &nbsp;We (and probably other lenders) will also not consider this a cash-out transaction when refinancing the 1st and the total of all receipts used for home improvement. &nbsp;<br/><br/>Worst case scenario is that you refinance the entire combined balance at 80% CLTV as a cash-out transaction if it still saves you money.&nbsp; Thu, 26 Jul 2012 15:08:00 GMT http://www.zillow.com/advice-thread/I-have-a-First-and-HELOC-Can-this-be-consolidated-in-to-one-Mortgage/452687/ 2012-07-26T15:08:00Z Combined LTV is 80%. Heloc ... http://www.zillow.com/advice-thread/I-have-a-First-and-HELOC-Can-this-be-consolidated-in-to-one-Mortgage/452687/ Combined LTV is 80%. Heloc was used for the home and there was no cah out at that time. Now it looks bad. Thu, 26 Jul 2012 06:35:00 GMT http://www.zillow.com/advice-thread/I-have-a-First-and-HELOC-Can-this-be-consolidated-in-to-one-Mortgage/452687/ 2012-07-26T06:35:00Z Some lenders won't consider ... http://www.zillow.com/advice-thread/I-have-a-First-and-HELOC-Can-this-be-consolidated-in-to-one-Mortgage/452687/ Some lenders won't consider it a cash-out transaction if the equity line was used to purchase the home or in some cases if there have been no draws within the past 12 months. Thu, 26 Jul 2012 01:36:00 GMT http://www.zillow.com/advice-thread/I-have-a-First-and-HELOC-Can-this-be-consolidated-in-to-one-Mortgage/452687/ 2012-07-26T01:36:00Z It depends on the equity ... http://www.zillow.com/advice-thread/I-have-a-First-and-HELOC-Can-this-be-consolidated-in-to-one-Mortgage/452687/ It depends on the equity position of your home.<br/>HELOC consolidations are treated like credit card consolidations or a cash-out" refinance. the guidelines are a bit tighter when it comes to "cash-out" refinances than for a rate-term refinance.<br/><br/>do you know what your home is worth in relation to the balances on your first and second mortgages? Thu, 26 Jul 2012 01:21:00 GMT http://www.zillow.com/advice-thread/I-have-a-First-and-HELOC-Can-this-be-consolidated-in-to-one-Mortgage/452687/ 2012-07-26T01:21:00Z