https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-of-HELOC/m-p/104964#M4459 <DIV>When you convert your credit cards to a mortgage and are just making the minimum payments then you are spreading out the debt over a longer period of time, plus if you ever have trouble making the payments then you could be in danger of losing your home.&nbsp; My suggestion is to look into&nbsp;a fixed rate 2nd mortgage, and continue making your total current payment amount against it... assuming the new rate on the 2nd mortgage is lower than your credit cards, then you'd be able to pay it off in a shorter period of time.</DIV> Wed, 28 Nov 2007 04:47:57 GMT ShanetheMortgageMan 2007-11-28T04:47:57Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-of-HELOC/m-p/104301#M4422 <DIV>I am trying to figure out the best way to refinance my Heloc from&nbsp; a variable rate to fixed.&nbsp; My husband and I have excellent fico scores, should we consolidate credit card debt into this loan?&nbsp; Could we refinance our 5.75% 30 fixed mortgage and include all of it?&nbsp; I'm guessing not, haven't seen any rates that good.&nbsp; We just really want to get out the credit card debt...just like everyone else!</DIV> Tue, 27 Nov 2007 16:01:15 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-of-HELOC/m-p/104301#M4422 Anonymous 2007-11-27T16:01:15Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-of-HELOC/m-p/104964#M4459 <DIV>When you convert your credit cards to a mortgage and are just making the minimum payments then you are spreading out the debt over a longer period of time, plus if you ever have trouble making the payments then you could be in danger of losing your home.&nbsp; My suggestion is to look into&nbsp;a fixed rate 2nd mortgage, and continue making your total current payment amount against it... assuming the new rate on the 2nd mortgage is lower than your credit cards, then you'd be able to pay it off in a shorter period of time.</DIV> Wed, 28 Nov 2007 04:47:57 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-of-HELOC/m-p/104964#M4459 ShanetheMortgageMan 2007-11-28T04:47:57Z