Category Archives: equity mortgage

Can you refinance a 1st mortgage and 2nd mortgage without equity?

Posted by admin on July 20, 2010 3 comments

I own a single family property in IL. I have a 1st mortgage that was 100% LTV that was used to purchase the home and a 2nd mortgage that is a 120% LTV that was used to consolidate debt. The value of the home is about $40,000 short of what I owe based on both [...]