Is it more sensible to combine my first mortgage with Second or leave the second alone ?I have 1st mortgage of $170K 5/1 ARM 4.25% due for refi in 2 month. I also have a home equity 2nd loan of 55k for 5 yr @3.9%. I have 4 year left on this loan. Should I combine the two and then refi or just refi the first one ? My dilemma is that I have a great rate on 2nd. Also if I combine the two and get a 15 yr 4.5%, I will be stuck with paying $1818 for the next 15years. With two growing kids,11 and 7 and a possible fall in income going forward with the economic uncertainity, what is best ? If I just refi the first and pay off my second in next 4years I will have more money to afford my kids expenses. If I combine the two I can own my home free and clear in next 15 yr. help !!! April 01 2009 - Greer00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.