I have a home current value $850000 with a first at $231000 4% interest and a home equity loan at 289000 can I combine them

You certainly can refinance and combine your 2 mortgage and have one low monthly payment.So your 2 loans total approximately $520,000. Your home value is 850k.Your loan to value is then 61%-you're in good shape.With good credit and verifiable income you should be able to refi into a great rate with no broker's fees.I would be happy to chat with you,Help in any way that I can. Let's talk later today!Mel S.Baker(310)985-9778NMLS #680541

Yes... Assuming you meet all other eligibility requirements.. I suggest you 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

Hello, yes, you can combine them into one new loan however if the line of equity was not taken out when you purchased the home, the refinance would be considered a cash out refinance and can change the dynamics of the new loan. If the heloc was taken out when you purchased the home, you would be able to refinance the two loans together as a rate and term refinance. Some other determining factors are what type of property is it, do you occupy the property as your primary home or is it a rental home, etc to drill down further.

Yes, you can combine both loans. Your rate will depend on your credit score. You have great loan to value as you have equity in your property so this will not be a problem. If you would like me to price your loan out for you, please feel free to contact me.Cynthia (Cindy) WessellsCAL BRE # 00986194NMLS #291955 (951) 834-2637Doing business for over 28 years.Thank you.

You can. If you could use another qualification and/or quote from an experience Broker/Banker here in CA I would be happy to assist. Contact us by way of my profile.

Good afternoon- Thank you for asking that is a great question. Yes you can combine them in one. We would show you three different options for you to review and together we can make an educated decision on what makes the most financial sense and meets your goals. Please if you any additional questions please don't hesitate. We are here and glad to help.Have an Amazing Day!!