If my house has increased in value, can I combine my 80:20 mortgage into a

  • Thread starter Thread starter Jeremy B
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Jeremy B

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single mortgage? Bought my house for 340K. A very similar house just sold for 450K. I'd like to refinance my two loans (one is for around 250K and the other is for around 50K) into a single loan of 380K (I'd like 80K to do additional projects on the house). Do you think I can get this? The property values in my neighborhood have been going up, even over the past year.
 
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