Profile picture for mathematician

should I refi with HELOC?

home valued at $700,000, mortgage $balance 524,000 rate of 6.125.  should I refi to $417000 with HELOC of 107000?
  • December 29 2008 - Lexington
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Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (8)

Profile picture for CA Direct Lending
Nice, Mario.

Not only are you spamming, you're over six years late to the party!
  • May 14 2014
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Why would you take two mortgages when you can do one jumbo mortgage at [spam/rate advertisement removed by Zillow moderator, see our Good Neighbor Policy]

  • May 14 2014
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Profile picture for mathematician
I am in Massachusetts.  So is it a good option?
thanks
  • January 01 2009
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If you want straight answers about options... Look up Andrew Adams.  He lives there and is very straight and direct. He is also a longstanding advice giver (free of charge and pandering) on these boards. Out of respect to Zillow, I will simply give you his name.  You can find him if you choose.  Others feel this is like a Craig's List of sorts, but to each his/her own.  If you were in FL (I see you are not), a HELOC would be a much more daunting task to obtain.  I hope MA lending is much easier. Happy Holidays
  • December 30 2008
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Profile picture for Sir Allan
There are a ton of good brokers on here. Please dont spam someones phone number on here just because they are a buddy of yours.

Put up a Zillow loan request outlining your wishes. You will get a whole boat load of quotes.

I agree that its an excellent time to get a 30fixed and heloc the second .
  • December 29 2008
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What state are you in?
  • December 29 2008
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[Promotional content removed by Zillow moderator, see our Good Neighbor Policy] is an excellent mortgage guy.
  • December 29 2008
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I'm not a mortgage broker but the numbers would indicate you'd be much better off.  You might give this guy a holler:  [Spam removed by Zillow moderator, see our Good Neighbor Policy]
  • December 29 2008
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