Is it a good idea to take equity out of your house? This is a good plan if interest rates are currently lower than the rate you have on your old mortgage. If not, a home equity loan might be a better option. ... So you keep the first mortgage and take out another. You can do this in a lump sum or a home equity line of credit, which is like a checking account on your house.
Can I put closing costs in my mortgage? Mortgage Guide FHA: The only way to not pay your closing costs out of pocket would be to include a seller credit as a co... more