Can we combine our 1st and second mortgages?

To refinance at a good rate, you should not have any late payments (30 days late) in the past one year on either mortgage. Give me a call, I will be happy to evaluate your situation. I am located in Northern California, but assist clients state wide. Call me anytime at 916-470-0947. All the best, Scott.

Hi, Yes you can BUT....how long have you been current? Do you know your credit score? You can email me at ralph@absolutelowrates.com...

Preferably you have no more than 1 30 day late on mortgage payment in the past 12 months, and along with other important qualifying factors that should work. All other late payments or derogatory credit is evaluated on a case by case basis and often simply affects rate and costs based on personal credit scores.

More info required to answer your questions directly, but the short answer is yes.. Your combined loan to value will be around 60%, so that's good.. FHA is probably going to be your best choice, but so much more info is needed to properly answer your question that it's impossible to advise you.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. 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