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Open Question: If I want to combine my 1st and 2nd mortgage what type of loan would t

This is a discussion on Open Question: If I want to combine my 1st and 2nd mortgage what type of loan would t within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; If we refinance and combine our 1st mortgage and our home equity line, what type of loan is that called. ...


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Mortgage Refinancing If your current mortgage has a high interest rate, you’re stuck in an adjustable rate mortgage, or you want cash out or to consolidate your debt, the answer to your mortgage problems is refinancing. Mortgage refinancing allows you to pay off the remainder of your existing loan by taking on a new loan with better terms. However, there are a number of mortgage refinancing options available to you. And within each of these options, there are particulars you need to be aware of.

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Old 01-23-2008, 09:05 PM
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Default Open Question: If I want to combine my 1st and 2nd mortgage what type of loan would t

If we refinance and combine our 1st mortgage and our home equity line, what type of loan is that called. I don't want to call a mortgage place right now because they will run our credit and all that stuff. Also would we qualify for the low rates that are being advertised if we have good credit?

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