looking to refi curernt mortgage and cash out to consolidate bills.
A 2nd mortgage will provide opportunities to remove PMI on the 1st mortgage by reducing the loan to a value at 80% LTV or below. The max combined LTV with a 2nd mortgage is 90% with a 700 credit score. I also have loans upto 1.2 million at 90%LTV with no MI. This is one to consider to avoid a 2nd trust and have 1...