Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question If I want to combine my 1st and 2nd mortgage what type of loan would that be? If we refinance and combine our 1st mortgage and our home equity line, what type of loan is that called. I don't want to call a mortgage place right now because they will run our credit and all that stuff. Also would we qualify for the low rates that are being advertised if we have good credit? By whattheheck Posted on 01/23/08 Total Answers 5 Answers- If you have enough equity in your house, you should be able to combine it into a first mortgage and let it be. tba Answer by : redwine On Date 2008-01-23 09:56:13 a second... Answer by : Johnny A On Date 2008-01-23 09:57:34 It will be a new first mortgage as your current 1rst and 2nd will be paid off. If you have good credit, adequate equity, yes you should get a good rate. Go for a fixed rate and you'll know exactly what your payments will be throghout the loan. Go with variable rate, and yes, the interest rate could go down, but it could go up, substantially. Answer by : chatsplas@sbcglobal.net On Date 2008-01-23 09:57:51 I think you mean a consolidation loan. Usually to get the best rate possible you need to have excellent credit 80% LTV or lower and have a low debt to income. But basically today's rule of thumb you will be getting a good interest rate with almost any type of mortgage loan Answer by : DAVE On Date 2008-01-23 10:01:01 merrill lynch calls it a flexible first Answer by : doclakewrite On Date 2008-01-23 10:02:52   Go Back To Search Results