Is it possible to refinance only my first mortgage and based it on the 100 value of my house?

Gennie
Are you asking this: You have a property valued at $100, 000, with one mortgage at $80, 000 and the second at $20, 000. Are you asking if you can refinance the first only and get $100, 000, or what.Take the value of the house, subtract the mortgage you want to keep, and whatever's left is what you can get...if there's anything left. Many lenders will only lend 90% of the value on a refi if you're getting cash out, and 95% if it's strictly purchase money being refinanced.

Cherly
Not if there is already another mortgage.

Erasmo
I'm assuming you now have a 1st and 2nd that you want to refi into 1 loan at 100% LTV. If that is what you are asking, then the answer is yes you can, assuming you have the credit score and financial profile to support such a transaction. See a broker.