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
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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