I have 2 mortgages on my house. My 1st is w/ countrywide for approx $476,000 at 8.35% (adj) and my 2nd is w/ asc for approx $87,000 at 11.25%. My current value on my home is about
$510,000-$525,000. I am upside down on my mortgage. If i can get asc to re-subordinate, can i refinance my 1st? If i can refinance, does it have to be with c/w? If it doesn't have to be w/ cw, do you have any suggestions? Thank you.