If i take out a home equity loan now will this loan affect me if i want to refinance my mortgage.?

Date: 20 Dec 2009 Comments: 0

If i take out a home equity loan now will this loan affect me if i want to refinance my mortgage.?

I have 24 years left on 30 year mortgage. I am thinking about a home equity loan at a favorable rate, rather than roll in to refinance consolidation. If rates are favorable later this year i may like to refinance 1st mortgage at 15 years. Will home equity loan affect my refinancing even if i am not looking for any cash out.

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