Can I refinance my first mortgage and my second mortgage?

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Yes, you can refinance your first mortgage and do what we call subordinate the second. To subordinate means that the second agrees to stay in the second position when the first mortgage is refinanced. Most second mortgage companies will subordinate. The other option is to combine the first and the second into one loan. You can do that if your home will appraise for a loan big enough to pay off the first and the second. Hope that answers your question. I'm in Salt Lake City but have my mortgage license in Idaho because I love visiting. Linda Miller 801.550.1222 or linda@lindamillergroup.com

Yes.. if they are both on the same property that one is a "Senior" loan, or 1st mortgage, and the other is a "Junior" loan, or 2nd mortgage, Heloc, etc.. the lender in 2nd position will have to subordinate.. but yes, you can refinance.. Depending on your equity position, it's even possible to refinance and combine both loans into one new loan.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com