refinancing first mortgage only

Combining Your First and Second Mortgage | Accunet Mortgage – Refinancing your first and second mortgage together can have different outcomes depending on the amount of equity currently in your home, your mortgage amount, your credit score and other factors. Maybe you took out a home equity line of credit to finance.

You can reduce your homeownership expenses by refinancing your mortgage. Of course, some homeowners have home equity lines of credit in addition to first mortgages. Because liens on property.

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Refinance Underwater Mortgage | Refinance Second Mortgage – Having a second mortgage or home equity line can make refinancing an underwater mortgage nearly impossible, but one of these five strategies might bail out your refinance. The mortgage market is awash in programs to help underwater home owners refinance, but if you have a second mortgage.

 · If you have enough home equity, you may be able to refinance your first mortgage and HELOC, plus pull additional cash out of the property.

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Is a Mortgage Refinance Right for You? | DaveRamsey.com – Refinancing your mortgage is basically just revising the terms of your original mortgage to make a new mortgage. Don’t worry, this doesn’t mean you end up with two mortgages. Instead, your first loan is technically paid off through the refinancing process and a second loan is created in its place.

Interest-Only Mortgages: Good Fit for Certain Borrowers An interest-only mortgage offers a lower monthly payment and is best suited for people with ample assets, good credit and a short-term.

A lower interest rate on your mortgage is one of the best reasons to refinance. When interest rates drop, consider refinancing to shorten the term of your mortgage and pay significantly less in.

Interest Only Mortgages . The borrower only pays the interest on the mortgage through monthly payments for a term that is fixed on an interest-only mortgage loan. The term is usually between 5 and 7 years. After the term is over, many refinance their homes, make a lump sum payment, or they begin paying off the principal of the loan.

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Mortgage Refinancing Refinancing | PNC – Refinancing Loans. Check out PNC’s mortgage rates. See options to lower your payment, change terms, consolidate debt/get cash out, or take advantage of specialized loan products and programs.