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 Question to those who are experts on home loans? I co-own a home with a family member. It is owned free and clear, no debt is on it. We are considering consolidating all of our outstanding debt and doing home improvements on the property. What is the best option from a mortgage lender? Variable? Fixed? I have an appointment with a lender coming up soon and would like to be prepared. I have done some research but would like advice from someone in the field. Thank you very much. By curiositycat Posted on 08/24/06 Total Answers 4 Answers- read more on loans, mortgages and more on real estate that might help you on this site Answer by : yums On Date 2006-08-24 11:53:47 Fixed. Rates have paused for now, but they arent going down anytime soon. They can only go up. Answer by : bretto24 On Date 2006-08-24 11:54:04 I would think a short term fixed rate 1st mortgage say 10-15 years would be the best. 100% interest deductible and lower than most all home equity or 2nd mortgages you can always pay it off early as well Answer by : Mark S On Date 2006-08-24 11:57:01 Well since you want cash to do improvments you have to get a line of credit. As for as I know all line of credits are adjustable. Answer by : anisarkisyan On Date 2006-08-24 12:23:33   Go Back To Search Results