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 ‘Whats’
What’s The Difference Between A Home Equity Loan And A Home Equity Line Of Credit?
Sunday, May 24th, 2009Whats The Difference In A Home Equity Loan And A Line Of Credit?
Saturday, May 16th, 2009I know what a home equity loan is but not sure about a line of credit-which one would you recommend?
