Should I refinance to pay off Equity line and lower my rate & monthly output?I am in 15 yr fixed mortgage at 5.75%, only 7 yr left. pmt is $1660. (including taxes/ins) plus I have an equity line 34k I believe is a variable rate approx 5-7%, with a montly paymt of $160 min that never really moves the loan down. should I refinance, lower my mortgage rate, and payoff the equity line with cash out? My current mortgage remainder amt 78k, value of home estimated 250k. I would like to keep a loan 10 years OR less. September 13 2013 - Westover Hills0YesReport 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.