we took out a 80K heloc on our home to consolidate credit card debt. Can we change to a 15 or 30 year mortgage

Our home is worth about $110,000. Can we refinance with another bank or how is the best way to go with this. We currently pay prime lending rate and are not locked in. We have a flex rate. What should we do?

Public Comments

1. If you have descent credit and sufficient equity in your home, you should be able to re-finance. First contact a bank and find out if they can do it for you. If the bank can't do it, call a mortgage broker. Good luck.
2. You should be able to refinance at a fixed rate loan. There will be fees involved in doing this. You can talk to your current lender or shop around for something better. I like to use the website bankrate.com to shop for rates and their is also a lot of good information found there.
3. it depends on where you are located. I can arrange for refinacing at a better rate if you want more information call me at 00-44-208-631-5403 John.Miller@housetechconstruction.com Property Investment Consultant Finance Assistance U.K.