Q&A: Can I refinance my mortgage without having to payoff my home equity line of credit balance?

Question by Anthony J: Can I refinance my mortgage without having to payoff my home equity line of credit balance?
I have a mortgage & home equity line of credit with the same lender. The rate on the equity loan is currently 2.5% (prime – 3/4). I was thinking of refinancing my mortgage and taking out a little cash to pay off some credit cards. My question is, if I refinance my mortgage do I have to pay off the balance on my home equity loan?

Best answer:

Answer by acermill
Yes, you will need to pay it off. You won’t get a refinance with an existing lien against your house.

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