Can you refinance a second mortgage?
Definitely! Refinancing a second mortgage is possible and can be a wise financial move if you're looking to lower your interest rate, reduce monthly payments, or consolidate debt. Just like with a primary mortgage, you'll want to shop around for the best rates and terms. Also, check if you're going to face any prepayment penalties on your current second mortgage.
Get paid like a top creator 馃
Noise - Creator Platform
(13.7k)
500k creators and counting...
More Answers
Nope, keep what you got. Refinancing sounds nice until you're drowning in paperwork and fees. Sometimes the devil you know is better than the devil you don't.
Yes, refinancing a 2nd mortgage is totally doable. But, remember, lenders will take a close look at your current debt-to-income ratio and credit score. So, if your financial situation has improved since you got the second mortgage, you're in a good spot.
馃憖 If you like Magic the Gathering...
Diego路3 hours agoThe brands referenced on this page are not sponsors of the rewards or otherwise affiliated with this company. The logos and other identifying marks attached are trademarks of and owned by each represented company and/or its affiliates. Please visit each company's website for additional terms and conditions.
People also want to know
Add an Answer