Can you refinance a primary mortgage without refinancing a second mortgage?

Answer It is possible to refinance a primary mortgage without refinancing a second mortgage by subordinating the second mortgage. Subordinating a second mortgage means you are filing a document so that th... Read More »

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Can I refinance my first mortgage if I have a second mortgage?

If a homeowner has taken out a second mortgage, it is possible to refinance the first mortgage. The lender that holds the second mortgage must agree to subordinate that loan, which means that if th... Read More »

What is refinancing a mortgage?

To refinance a mortgage is to replace the old mortgage debt with a new debt that pays off the old loan in full upon closing. A borrower can refinance to take advantage of lower interest rates or to... Read More »

Mortgage Refinancing Pitfalls?

Refinancing a mortgage could save you money, but some situations can drastically reduce any immediate savings you hope to gain. A slump in the housing market, the length of time you've been paying ... Read More »

How would you go about refinancing a home mortgage?

When a borrower needs to refinance his mortgage, several factors come into consideration. Is it a financially viable idea? Will the new debt be affordable, if I cash out part of my equity? Will the... Read More »