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Can I refinance my home equity loan?

Approximately, 6 years ago my husband and I took out a home equity loan with Wells Fargo with an 8/25% interest rate.  We also have a first mortgage of $67,000.  However, the value of our house has dropped substantially in these years.  Do you know if any financial institutions are refinancing equity loans?
  • September 23 2011 - Port Charlotte
  • 1
    1Yes

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Answers (1)

This will all depend on how much equity you have in your house currently.  If you have equity now, you should be able to get a lower HELOC rate.  
  • September 23 2011
  • 0Yes

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