HARP is a program that ONLY allows a current first mortgage to be refinanced to a new, lower rate first mortgage. Second mortgages cannot be combined, whether they were done at the time of purchase or afterwards. There is no way you’ll be able to roll the two together, but if you’re HARP eligible, you may at least be able to save some on the monthly payment for your first mortgage. Need more advice? Glad to help, I lend nationwide. Thanks, Ted
HARP can be a refinance option for your first mortgage. To be eligible you cannot have missed a payment in the past 12 months and your mortgage must be a Freddie Mac or Fannie Mae.
FHA also offers a refinance option for underwater mortgages. It is called a short refinance. Not all lenders will participate in the program because it requires them to forgive the difference between 97.75% of the appraised value and the mortgage balance. It appears from the FHA fact sheet that it can include secondary mortgages.