I have a first mortgage and a second mortgage. Can I still qualify to refinance under Making Homes Affordable program?

As long as the amount due on the first mortgage is less than 105% of the value of the home, borrowers with more than one mortgage loan might be eligible for a Making Home Affordable Refinance. Your eligibility will depend on an agreement by the mortgage lender that has your second mortgage to remain in second position, and on your ability to meet the new payment terms on the first mortgage. More.

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