Can I refinance my first mortgage only?
I am also looking at rolling it all into a single refinance as well, but appraised value may not allow that. If I refinance the first mortgage, that would still greatly reduce my monthly payments and allow me to pay more on the home equity loan.
I have 260k on one, and 62k on the helo. Unfortunately, my home is most like valued at $300k. So, from what I understand, I need the holder of the 2nd to subordinate. Any insight as to if lenders are doing that?