can you take out a home equity loan to pay off a mortgage and a home equity loan?

(0) | asked by: R ruba | share | 2 weeks ago | Report
2500 characters left
Answer Tips: Share your knowledge. Be on-topic . Refrain from self-promotion.
* Refer to our community guidelines.


Viewing Answers 1 - 1 of 1
answer by Karen Peyton    |   Visit My Website   |   Contact Me
What you are looking for is a NEW "first" mortgage. A Home Equity Line of Credit (HELOC) may have a variable interest rate and payment. Since you currently have two loans on your home, I'd go with a fixed rate loan with the shortest term possible...a brand new 1st mortgage to pay off the rest. Good luck!
Answer Helpful?
2 weeks ago  |   Report   |   share
Please read's Questions & Answers Community Guidelines.