Second mortgage or refinance?

Hello, gee if your credit is not good and you are late on other loans, you will probably not have the option to do either. We would have to really see what the story is with the credit...

Much more info need to advise you,,, But this i know for sure.. it's very difficult to get a loan if you are currently in default on other obligations.. your credit report is driven by the most recent data.. if you are in default on other loans, then your scores are probably too low to qualify.. if this is your scenario, then for sure, a 2nd wont help.. 2nd position loans require much better credit to obtain since the lender is at a greater risk.. so your only option would be to do a cash out refinance on the first.. FHA or VA would be options, but again, it's impossible to advise you without looking at your complete loan profile. I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893