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re: Mortgage scenario-Let the Great Minds of the MB converge

Posted on 8/1/10 at 8:33 pm to
Posted by tygerstripes
Baton Rouge
Member since Jan 2005
3391 posts
Posted on 8/1/10 at 8:33 pm to
Is your second on an adjustable rate?
Posted by guttata
prairieville
Member since Feb 2006
22515 posts
Posted on 8/1/10 at 9:00 pm to
I'd imagine the second mortgage is at a higher rate than the first. If so and you plan on staying there at least 2-3 yrs, I'd refinance the whole thing.
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