Can i refinance with a lien on my house?

Brock
The lein in for $25, 000 due in July of 2008. As equity in the home that was agreed upon in divorce decree. The house appraised for $211, the loan would be for $130K. Leaving the $25, 000 in equity alone.

Janna
So what do you think a refi is? It is to pay off all old leins and to create a new mortgage, so by all means you can. Happens everyday. The new lein holder (the mortgage company) would be in the 1st position and there would be no one in 2nd position.

Mariana
You can, but either:- 1 the new loan will be a second mortage (some banks don't like that)or- 2 You have to pay off the $25K first, so you need to get a mortage of $155K.-luck

Tammera
You only can if that lein position holder will allow you to, or if the bank will take a second position. If the note was written that you must payoff if you alter title then you must pay to do it.