adonis Posted on: 07th Nov, 2010 09:54 am i have 7 yrs left on a 15 yr loan, balance about $79,000 and a 2nd, balance about $36000. 15 yr is fixed 5.25%, 2nd is adj. 3.5% currently. i may loose my job soon, should i go in for a refinance now? Total Reply : 1 Hi Guest, If you have equity in your property and presently have a good income and job, then you'll be able to refinance both the mortgages into one. If there is no equity in the property, then you won't be able to get a refinance. adonis Posted on: 07th Nov, 2010 02:10 pm Post Your Comment Your name Subject Comment * More information about text formatsFiltered HTMLPlain text Save Preview