Comments on: is it possible to refinance a heloc without refinancing your first mortgage? http://www.refinance--blog.com/renting-real-estate/is-it-possible-to-refinance-a-heloc-without-refinancing-your-first-mortgage Refinance Information and Deals Tue, 22 May 2012 16:08:26 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Open Book Advisors™ http://www.refinance--blog.com/renting-real-estate/is-it-possible-to-refinance-a-heloc-without-refinancing-your-first-mortgage/comment-page-1#comment-33 Open Book Advisors™ Wed, 15 Oct 2008 00:31:47 +0000 http://refinance--blog.com/renting-real-estate/is-it-possible-to-refinance-a-heloc-without-refinancing-your-first-mortgage/#comment-33 Yes you can w/ a 2nd mortgage and DON'T let anyone talk you into refi-ing out of that first. I have the same exact first and I would have to be insanely desperate to give it up! Good Luck Open Book Advisors Yes you can w/ a 2nd mortgage and DON’T let anyone talk you into refi-ing out of that first. I have the same exact first and I would have to be insanely desperate to give it up!

Good Luck

Open Book Advisors

]]> By: Martha A http://www.refinance--blog.com/renting-real-estate/is-it-possible-to-refinance-a-heloc-without-refinancing-your-first-mortgage/comment-page-1#comment-32 Martha A Tue, 14 Oct 2008 07:50:22 +0000 http://refinance--blog.com/renting-real-estate/is-it-possible-to-refinance-a-heloc-without-refinancing-your-first-mortgage/#comment-32 Absolutely! Be weary of lenders who try to tell you different. The best thing to do is to either contact the current lender for your HELOC and ask if you can refinance it into a new Fixed 2nd mortgage or perhaps they can lock your HELOC into a fixed rate. The fees are usually less if any. You can also try a major bank or credit union. Your rate should have gone down about .50 % with the recent rate cut, but there is no guarantee that rates won't go back up again. Absolutely! Be weary of lenders who try to tell you different. The best thing to do is to either contact the current lender for your HELOC and ask if you can refinance it into a new Fixed 2nd mortgage or perhaps they can lock your HELOC into a fixed rate. The fees are usually less if any.
You can also try a major bank or credit union. Your rate should have gone down about .50 % with the recent rate cut, but there is no guarantee that rates won’t go back up again.

]]> By: Chuck92121 http://www.refinance--blog.com/renting-real-estate/is-it-possible-to-refinance-a-heloc-without-refinancing-your-first-mortgage/comment-page-1#comment-31 Chuck92121 Tue, 14 Oct 2008 01:41:21 +0000 http://refinance--blog.com/renting-real-estate/is-it-possible-to-refinance-a-heloc-without-refinancing-your-first-mortgage/#comment-31 YES! The only thing you may encounter is a termination fee, generally $500. Actually, trying to refinance your first and keep a Heloc is much more complicated. The Heloc lender would have to agree to subordinate their lien. Are you thinking of refinancing from a Heloc to a fixed rate 2nd? Remember the Fed just cut short term rates, so Prime is already down .5% and more cuts are possible. YES! The only thing you may encounter is a termination fee, generally $500.
Actually, trying to refinance your first and keep a Heloc is much more complicated. The Heloc lender would have to agree to subordinate their lien.
Are you thinking of refinancing from a Heloc to a fixed rate 2nd? Remember the Fed just cut short term rates, so Prime is already down .5% and more cuts are possible.

]]> By: Carolinahomerates.com http://www.refinance--blog.com/renting-real-estate/is-it-possible-to-refinance-a-heloc-without-refinancing-your-first-mortgage/comment-page-1#comment-30 Carolinahomerates.com Fri, 10 Oct 2008 18:53:57 +0000 http://refinance--blog.com/renting-real-estate/is-it-possible-to-refinance-a-heloc-without-refinancing-your-first-mortgage/#comment-30 yep....it's called a 2nd mortgage yep….it’s called a 2nd mortgage

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