This is the WRONG place to get this kind of info. You need to speak with a trusted mortgage specialist because reverse mortgages makes you initial payment a lot higher and it has lots of risk along...
Your best bet would to pursue a refinance as it would pay off both mortgages by creating the balance of both into one note. Given the current low interest rates it has proven to be of great help in...
If your first mortgage is in the process of foreclosure that foreclosure will extinguish the second mortgage as to the real estate. The foreclosure of the first mortgage terminates all subsequent...