I'm looking for some advice regarding two loans that I would like to combine if at all possible. I've owned my home for about 6 yrs now. Purchased it for $105k and now owe $76k (put some $ down as well). I also have a HELOC (Home Equity Line of Credit) through a different mortgage company (Bank of America) with a balance of $8k. My current interest rate on my home loan is 5.3% and the HELOC has a varible interest rate based on prime but the payment is interest only which sucks when I have the option to ONLY pay interest. I know, I know. I will never pay it off that way but would combining the two loans be possible and worth it?? Where do I need to start? Any help would be greatly appreciated. Thanks in advance. WM
