If I refi my home, should I enclude the heloc balance in the refi’d amount?
December 24th, 2009 | by admin |
My 95000 and 1st mortgage of 18000 and refi all.
My current interest rate is 5375 if rates are lowered to 45 should add the heloc to my current interest rate is 5375 if rates are lowered to 45 should add the heloc to my current interest rate is 5375.
An heloc balance of 95000 on home valued at 170000 my 95000 and 1st mortgage of 18000 and refi all.
My current interest rate is 5375 if rates are lowered to.
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One Response to “If I refi my home, should I enclude the heloc balance in the refi’d amount?”
By dm_dragons on Dec 26, 2009 | Reply
You didn’t mention the interest rate on the heloc loan.
But the answer is yes, if the bank allows it and if the lower rates (4.5) is lower than you currently are paying on either loan.
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