Can you refinance a second mortgage?

It can be done but the balances on 2nd loans are usually too small to mess with. You might benefit most from a complete refinance to combine both your loans into one at today's low rates.

you can but not sure why... most 2nd mortgages are variable rates and refinancing will almost never result in a lower payment.. but, as others suggested, you can refinance both first and 2nd into a new first mortgage...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

Absolutely you can refinance a second mortgage. You can either start with your current lender or look for a new one. Most Banks and Credit Unions still offer them, but more than likely with terms that are not as favorable as in years past. If you are currently upside down, then it is doubtful you would be approved, but if you do have equity, then I would start with a local Credit Union. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

You can but why wouldnt you consolidate both into a complete refi?

Yes you can.

Generally speaking, sure, you can refinance a second mortgage. Of course each person and situation is different, so a review of your overall situation with a licensed mortgage professional is warranted.