I am doing a refi for my jumbo loan and a second. I do not have the combined LTV necessary for the best rate.

There is no way any responsible, professional loan officer could or should give you advice based on the information you gave. There are so many variables; you really need to speak with a loan officer. This is not the type of question for a one paragraph answer on a forum. Do yourself a favor and ask a licensed, California Mortgage Loan Officer to run the scenarios for you with the exact numbers. Contact me if you need help.

Hello. Freedom Mortgage is a Direct Lender and funds loans in all 50 states including California. Please send me an email adennie@fmbranch.com so that I may find out more on your situation and provide a few solutions. I look forward to speaking with you. Thanks.

Parsa, There are many unknown variables in your scenario, if you like please call me as i do need little more information to understand your situation better, For example, what is your definition of Jumbo loan? what i consider a Jumbo loan is a balance of $730K and higher depending on where your property is located.Houtan.Hormozian@Crestico.com 949 242 5215

The best way to go about this would be to refinance the first and re subordinate the second. There are a couple reasons why I would suggest this. The first is that if you combine your jumbo with the second, you may be exceeding the county limit for an FHA mortgage. You would need to consult the county limit there, which I'm almost 100% certain you're probably over the limit. Also, if it even is possible to combine the two and do FHA, if you don't get the file submitted before October 4th of this year, it may prevent you from seeing any savings. The monthly mortgage insurance rate is due to increase significantly on October 4th, 2010. if you're interested in looking into the options that I have for you, feel free to cal me at 888-445-0896. I would love to talk to you in more detail about your scenario.

Parsa,Regardless how you structure your loan amount, it's not just the LTV, it's also the CLTV. If the combined total amount owed is over $729,750, the maximum is 80%. Our rate today on a 30 year fixed rate is 5%. ..... Happy funding, Rudi

Parsa, I want to clarify the rate I gave you. 5% has a 5.114% APR on a $1,000,000 loan amount. My rates are based on borrowers with a 740 or higher middle FICO Score with a maximum DTI of 45%. Loan Amounts to $729,750 for a 30F rate are 4.375% with a 4.492% APR based on $729,750. All rate quoted have a 30 day lock. .... Happy funding, Rudi