seconed mortgage and first mortgage

You need permission from both

yes, it can work for both. but are you having payment problems? why don't you discuss with your lender about some alternative repayment plan or a loan modification. at least if you try this with one lender, the one with whom you're paying more, i think things will ease out a bit for you.

can you tell me how much balance you owe. may be you can refinance both the loans into one single payment. have you thought of it? let me know if you have further queries.

regards,

jessica

Both lenders then have to agree to release the liens