Submitted by joannefh1 on Fri, 07/20/2012 - 05:49
2 houses 1 mortgage
2 houses 1 mortgage
Hello,
I bought 2 houses back in 2004. (Main house and mother-in-law house). Separate utilities, different addresses, two tax id numbers; however they are both on the same mortgage. How can I refinance and keep only 1 mortgage? I would like a lower interest rate but I cannot find any bank that will refinance my mortgage with the 2 properties.
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Joan - one of our loan officers has closed a similar loan. Click on my profile to contact me or call 800 315 8803 and ask for Bart
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You're in a tough situation. It will be difficult for you to get any loan for a single property as presently both the properties are into one single mortgage.
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