Putting 2 home loans together - 1 in NY, 1 in Florida

There is no conforming loan product where you use 2 properties under one loan... if you default, which property do they foreclose on?? What if one property is your primary and the other is a rental? The laws are different depending on occupancy and they also vary from state to state.. There are Hard Money lenders who will do a loan and use 2 properties as security for one loan.. But I've only seen this where the properties are in the same state.. Also.. What are those properties worth.. If you owe $215K & $75K.. is there equity?? if so, how much?? What is your goal in refinancing?? Cash out?? Lower your interest rate?? Lower your payment?? You will probably be better off refinancing these properties individually. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

It's called you can't do it...not a possibillity at all.

The only possibility is if you have enough equity in either property to "cash out" enough to pay off one and the debt would be consolidated into a new loan. Ask a successful local mortgage broker for advice