Is it possible to refinance my 2nd mortgage and give notice my 1st alone? I ask this because most lender said I have to refinance my

I ask this because most lender said I have to refinance my 1st contained by order to payment off my 2nd, but if I do that because of my low credit ranking my interest will go track up and it will double what I am paying now. Is near a solution?

Ive been trying to do this for 2 years, i own talked to oodles lenders, no luck not with impossible credit they can only refi the first Good luck

Yes it is possible depending on how low your credit score is. If your credit be in a better situatioon when you originally get this second mortgage you already know that you will be taking a hit on the rate. Now if your credit score have fallen below around a 580 than within is really no way to refinance your second in need doing your first.

Answers: Yes, you can. Check with your lender and compare interest rates beside other lenders as well. See the site below for option. New lenders may have a lower interest rate but may also want to refinance your 1st as powerfully. That could be in your best interest if the lower rate will reclaim your the cost of the refinancing.

It is not required to refinance a first mortgage to achieve a new second. The problem is that second are harder to qualify for and with low score you may not qualify.

Here is some additional info. Hope this help.