Posted on: 07th Sep, 2008 07:37 am
i have a home equity loan, can i refinance it to a regular mortgage with a fixed rate?
Welcome lesfid,
I suppose it's possible to convert your home equity loan into a fixed rate mortgage. For this, you'll have to refinance the equity loan. But have you checked out the current rates? You may take a look at the national average weekly mortgage rates to get an idea as to whether you'll get the benefit of a lower rate when you refinance.
I suppose it's possible to convert your home equity loan into a fixed rate mortgage. For this, you'll have to refinance the equity loan. But have you checked out the current rates? You may take a look at the national average weekly mortgage rates to get an idea as to whether you'll get the benefit of a lower rate when you refinance.