if you have both a first and second mortgage, or a first mortgage and a heloc, you have the option to refinance the second mortgage, the first mortgage, or combine both mortgages into a single loan..
Buying a home may be the biggest purchase of your life! You can trust APCU to make it easy with first-class service. We also offer refinancing, second mortgages, and home equity lines of credit to help you make the most of home ownership.*
Refinancing when you have an existing Second Mortgage or HELOC December 15, 2011 by Rhonda Porter 59 Comments When you are refinancing your primary mortgage and you have an existing second mortgage or HELOC (home equity line of credit), the new lender will require to stay in "first lien position".
In Texas you can only have one home equity loan. We want to find a bank that will give us a first mortgage but keep the current home equity line of credit so that we can use it in the future. We do.
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