combo loan/ one bill?

Question

we just bought a house last september of 2006 and its a 80/20 loan. meaning 100% loan. is there a way i can combine it into one loan?

Answer 1

Refinance your first in a year or so and hope that the property has appreciated in value to give you a conforming loan to value of max. of 80%.....but that is unlikely...best thing is to pay down the interest of the 2nd agressively and refi the balance in one year.....

Answer 2

You could refinance and turn it into one loan. I can help point you in the right direction. Shoot me an email [e-mail] and I'll show you what you need to do.

Marty