Frequently Asked Questions

Can I keep my existing second mortgage or home equity line and refinance my first mortgage?

Yes, that is called a subordination of the 2nd mortgage. This will be requested of the 2nd mortgage lender (to agree to the new first mortgage), and that can make the transaction take a bit longer, but should not be a problem to finish up in 30 days. There is a pricing hit when you subordinate and your 2nd lender will charge a fee too, please contact us to find out more if you are interested in doing a subordination.

Lastly, you could subordinate a zero balance 2nd lien with no adverse pricing it to the new first mortgage. You would, however, still have to pay the applicable fee the 2nd lender would charge you to process the request.

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