should I refinance my home to pay off an equity line of credit?

May 15, 2010 by
Filed under home equity

I have a home equity line of credit paying intrest only at 8.25% on the amount borrowed against it.

One Response to “should I refinance my home to pay off an equity line of credit?”

Vadalia says:

May 15, 2010 at 7:07 am

Whether or not your should refinance depends on whether the money you’ll save by getting a lower interest rate is less than the fees it’ll take to refinance. It ususally doesn’t.

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Gary Rocks