How can I refi first and second mortgage with score of 800

Is your second of $ 120000 , a purchase second? Did you get it simultaneously with the first when you bought the house?That would make a difference as to whether this new loan is going to be considered a cash out loan or a rate and term.you can contact me at mishlawir@aol.com if you have other questionsRanda

Randa makes a very valid point. If the 2nd mortgage used to purchase the condo, it would make it easier. We need to know the answer to this questions to help guide you better.

Much more info needed to answer your question.. First I would look closely at your HELOC.. it's unlikely you have a balloon payment.. Most HELOC's have a 10 year draw period , and then convert to a 20 year amortized loan.. so, the payment would go up since you would now be paying both principal and interest and having a 20 year schedule to pay it off.. 2nd... if the HELOC was opened within 90 days of purchasing the home, it's possible it would be considered "Purchased Money" and you would be able to refinance it.. Otherwise, lending rules will only go to 80% loan to value, so you would need to bring about $44,000 plus closing costs to the table in order to refinance.. It's unlikely you will find a lender willing to refi the HELOC with a 92% CLTV.. 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 NMLS# 226347

If the HELOC does have a balloon, then you might want to go back to that lender and ask if they would extend the terms out.. In view of your position, it's in their best interest to allow you to extend vs. the alternative, which is to foreclose.. 2nd position liens have a greater risk of loss than the first.. and if the market continues to improve, its possible that within the next 2 to 5 years, you might have sufficient equity to refinance. I would try going to them first.. if not, then you might have to consider selling... 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 NMLS# 226347

As a company we are licensed in FL and have condo programs available. If you still have not been able to find an answer to your question, I can put you in contact with a mortgage loan originator licensed in FL.