I’m looking to refinance my mortgage, I have 96 months left to pay on my existing one and i have a home equity

Question by debra x: I’m looking to refinance my mortgage, I have 96 months left to pay on my existing one and i have a home equity
line of credit.Im wondering if I should just refinance the mortgage only? the mortgage and home equity together?I have an 8.25 interest rate on the first mortgage,7.20 on the equity, I was looking into an enhanced refinancing option.Also i took the equity to fix/remodel some of the house,if i add that to the refinancing I havent the money to use to do the much needed repairs,,,any help

Best answer:

Answer by alterfemego
Depending on your credit score and other financial considerations, you might do well (save money) by refinancing them together.

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