How do we refinance our HELOC without refinancing our 1st mortage?
Glenn asked:
We owe on our 1st mortgage is $52,000 at 6.25%, and our HELOC is $105,000 at 8.19%. Fixed. The estimated value of the house is between $110,000. to $150,000. I would like to combine and lower my interest rate, but if that is not possible, how can I lower my HELOC. I would at least like to lower my $730.00 interest on the HELOC. What are my options if any? Thanks!
refinance
We owe on our 1st mortgage is $52,000 at 6.25%, and our HELOC is $105,000 at 8.19%. Fixed. The estimated value of the house is between $110,000. to $150,000. I would like to combine and lower my interest rate, but if that is not possible, how can I lower my HELOC. I would at least like to lower my $730.00 interest on the HELOC. What are my options if any? Thanks!
refinance