Can I refinance an interest solitary equity splash and a first mortgage?

I have a 1st mortgage of about $100,000 on a condo valued at approx. $380,000. I enjoy a home equity line of credit ( $20,000) that is interest solely with no pre pay penalty. Can I refinance for a 15 or 20 year fixed?
Answers:
Yeah you can as long as it's seasoned. Email me if you need more info. Source(s): I do loans
That would be the start financial move. 15 year fixed rates are as low as 4.875% currently. Get rid of that high HELOC rate and lower your mortgage rate contained by one move. Source(s): See profile
Yes, but i'd go 30 years with a fixed rate and amenable end which means you can salary down the morthage anytime. Also request an amortization so you'll have a break down between the principle/ interest. Source(s): Retired bill collector 35 years.
Unsure how to answer since we don't know what the interest rate is on either of the loans.

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