I owe $100,000 on a home equity loan, with 5 years left on my 15 year mortgage... should go with a 30 year mortgage refinance?
I owe $67,000 on my primary mortgage, 5 years left on a 15 year. But I also owe $100,000 on a home equity loan. Should I refinance into one 30 year loan to lower my payment? My house is valued at $290,000. by justbeatit7782 from San Antonio, Texas. Jan 23rd 2017
Martin Farris, CFP (Martin)
#34 ranked lender in Texas - 16 contributions
Possibly, but we'd need more info to answer that question. Call me at 325-651-2100 and I'll help you figure it out.
Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions
if you can financially swing it I would stay with the 15 yr and combine both of the loans.. but we need to see if your home equity loan is a open or closed loan. which means, can you borrow more or it is fixed amount ? lindaonthego@outlook.com
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