I now have a home equity loan with 8.5% interest, for 26k. I don't owe my house, the value of my house is around 100k. But now, I was looking on borrowing to pay off debt and have one single payment, with this same loan. Bank offers a mortgage for 5.875% interest for 50k with almost 4000 in closing cost. This loans are for 30 years both and fixed rates!! I don't know which one to choose that would benefit me, more! Can you please help!!
the term "I don't owe my house" Means I don't have any first mortgage on my home.
Thanks for correcting me!
the term "I don't owe my house" Means I don't have any first mortgage on my home.
Thanks for correcting me!