I have two small mortgages of 55K and 44K with property values of 180K(Florida) and 125K(new York) respectively. Are there portfolio lenders out there who will combine and refi them.
@Andy Pillinger at that loan to value and depending on credit and income you can easily do a cash out refinance and pay off both mortgages.
Yes, but If you combine both mortgage the loan offer may be 5 or 10 year balloon as opposed to refinance as 2 separate loan with 30 year fixed pricing.
I second bob greens statement.
Ok thank you all from your advice. I suppose that's not going to work for me. As I ask
ed before I am also investigating a 10 I.O fixed loan but it appears they are very hard to get and the rates are bumped up higher.