My 2nd mortgage term is expiring in six months. Can I get another one to cover outstanding balance?

you can refinance your first mortgage and combine the two or do a refinance of the first and get a new 2nd.

Kelly, You do not provide enough information to really answer your question. You are welcome to call me if you want a better answer. But, Generally I would say you need to talk with your current lender about extending the dates on your 2nd mortgage. Or consider combining your mortgage into one loan. Todays rates are great so that might be a good option. Give me a call and I will gladly offer my suggestions.

There is no way to answer that question without a full application and review of your situation. Contact a loan mortgage broker in your area, give them a complete application, and see what they say. For mortgage loans in MN, SD, and WI, visit me at www.Mortgage-Rochester.net

The comments left by the lenders are all valid points to consider, you may be able to re-negotiate your existing 2nd and/or combine them together with a refinance.It would be best to sit down with a local mortgage loan originator and see what your options are.