I have a mortgage of 200K.I have a first mortgage of 160K at a fixed rate of 5.785% over 30yrs. and the 2nd one’s 40K at 9.00% fixed.Now,the value of my place went up to about 350K in the last 4 years.Should I stay with my current plan or should I re-finance? And if I do,which way should I go? Home Equity loan or Home Equity line?
Posts Tagged ‘Between’
What’s The Difference Between A Home Equity Loan And A Home Equity Line Of Credit?
Sunday, May 24th, 2009What Is The Difference Between A 1st Mortgage, 2nd Mortgage, And Home Equity Loan?
Wednesday, May 13th, 2009I am searching for financing to make home improvement repairs, I submitted a request for a home equity loan through lending tree. The lenders throwing out terms such as 1st mortgage, 2nd mortgage, and home equity loan.
