Is there a loan product that I can get to refinance my second mortgage?

there are options available to you.. you can refinance your first and 2nd into one new mortgage, or you can just refinance your 2nd.. however you would really need to look at the terms of a refinance for just the 2nd... most 2nd mortgages are an adjustable rate.. since rates are really low right now, there would be no benefit to refinancing.. The best advice I can give you is to contact a LOCAL mortgage broker, and apply with them. They can type up a side by side comparison for your review, which should help you decide which way would best fit your scenario. Do not use the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower 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. 480-287-5714 WilliamAcres.com

You would much better served if you can roll your second mortgage into your first, value permitting. Depending on whether the second mortgage was used to purchase the home or actual cash in hand will depend on how the new loan would be structured. Factor in any mortgage insurance if financing above 80%. Mortgage insurance on a conventional loan can be removed at a certain point. So do consider your long-term benefits along with your short-term benefits.

Depending on the value of your home vs. your 1st & 2nd loans together will depend on if you can roll your 2nd mortgage into your1st with a refinance - Another option if you have the equity, credit, income, etc.... is refinancing the 2nd alone depending on your currentrate and if it makes sense-Hope this helps,Pete

Your best bet is to combine the first and second mortgages, if possible.

Yes, you can refinance it with another second mortgage, or Credit Line, or refinance your first and second mortgages into a new single mortgage.

There isn't enough information here for anyone to make any sort of good response. I suggest you go visit a local mortgage broker. Let him take an application, review your situation, and then give you a great answer. www.-Wi-MortgageBroker.com

If you have enough equity in your home you can roll the first and second together at today's low rates. If you just want to refinance the second your best bet is to go to your local bank or credit union. To get the best advice, contact one of the Lender 411 mortgage professionals in your area. I know they will give you good advice. Good luck.

I'd recommend talking with a local community bank or credit union for the best 2nd mortgage rates. Home Equity Lines / Loans are competitively priced with no appraisals needed at times. There is not a secondary market for 2nd mortgage liens so these are more portfolio type loans that the banks / CU's keep on their books.

email me a brief explanation of your situation. I am a Direct Lender here in PA. PBotros@OmegaLoans.net