Is there anyway to combine my loans from 2 properties with a refinance?

Yes and no... If there is room in your loan-to-value, you could put the entire new loan against just one of the properties, leaving the other free and clear. You can not have one loan secured with two properties in the traditional mortgage market. On the other hand, it is a possibility in the commercial loan market. While that may sound OK, you will not find term to your liking in the commercial market.

There is no conforming loan product that allows you to encumber 2 properties with just one mortgage, and in reality, you wouldn't want to do that eve If they did.. think about.. if you go into default, you stand to lose both properties.. if you decide to sell one of the two, what happens to the proceeds if they are not sufficient to pay off the total debt.. anyway.. Joe's idea is spot on.. if you have sufficient equity in one property, you can take on one mortgage and use the proceeds to pay off the other.. leaving yourself with one paid for property and one with a mortgage.. if you have the choice, encumber the investment... .. 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

Not with a traditional residential mortgage and any other type loan would likely have a higher interest rate. You'll either need to have two separate mortgages, one for each property - or possibly refinance and take enough cash out of one property to pay off the other, which only works if you have a LOT of equity. That works best if it is your home because the rate will be lower.

No traditional lender will do this. It would be a "black sheep" loan that could not be sold on the secondary market