I have an home equity loan and a mortgage.
The home equity loan is variable.
The home mortgage is a fixed loan at 5.025%., 15 years, which I have already paid 5 years in.
I would like to combine the 2 (the loan & the mortgage) into 1 mortgage without losing my rate (of 5.025).
Combined, i owe $ 170,000 and my house is worth at least $ 220,000.
I want to turn my home equity variable loan into a LOW fixed rate.
How and where do I go about doing this?
Which companies offer the lowest rate?
How do I find these companies?
Serious replies only please.