2 mortgages, 1 payment?

That would depend on the whole scenerio ,typically a simple refinance would be what you are after ,alot of variables could help determine which direction should be taken.I would love to help you explore your options.Here at BNC National Bank we are a national lender with competative rates and fees.If you would like to discuss this further my contact information is listed below. Patrick BodineMortgage Consultant 650 Douglas Drive NorthGolden Valley, MN 55422Cell:651.248.0467 Office:612.305.2284 Fax:612.766.9884 Email:pbodine@bncnationalbank.comWebsite:www.bncnationalbank.com/minneapolis/pbodine

a simple refinance that combines both loans into one would do the trick

In order to consolidate your two mortgages into one, the first aspect to look into is the Loan to value ratio. Meaning the amount of debt being consolidated vs the value of the house. EG) I owe 5 dollars on one loan and 2 dollars on another loan. My house is worth 10 dollars, this leaves me with a 70 percent loan to value ratio. After looking into this, next decide if you want to go into an FHA loan which allows higher loan to value ratios of up to 97 percent or a standard conventional loan which guidelines may restrict the loan to value ratio up to 80% LTV only. The most important aspect about doing a consolidation refinance of a 1st and a 2nd mortgage is to make sure there is equity, next step would be to qualify the borrowers based on income and fico... If you have any questions feel free to give us a call @ 877-834-3340 and ask for either Mike or Joseph. We are Local and based out of Tarzana, California thus giving us great knowledge and familiarity with the California Market allowing us to serve you better, with better rates and fees.

Determining if you qualify. ... Credit Score, Loan to Value & Debt to Income are the primary items that need to be known. .... Happy funding, Rudi