Posted on: 02nd Nov, 2010 12:39 pm
Can I consolidate my 1st and 2nd mortgage if both loans exceed present day value?
hi tahitt,
i guess you are speaking about refinancing. if your property is underwater, then you won't be able to refinance both the mortgage into one. unless you've equity in your property, you won't be able to refinance the mortgage. in such a situation, you can apply for a loan modification and try to get an affordable payment plan from both the lenders.
take care
i guess you are speaking about refinancing. if your property is underwater, then you won't be able to refinance both the mortgage into one. unless you've equity in your property, you won't be able to refinance the mortgage. in such a situation, you can apply for a loan modification and try to get an affordable payment plan from both the lenders.
take care