We had earlier taken a 20 year fixed FHA loan at 5.75%. it is only now hat we feel we should take out a home equity loan for $20000 and pay off our credit debts but the loan officer insists that w edo a refinance. ...

FHA Secure Loan -- A political move or just being helpful -- The ...
The Loan Amount - Still can't be more than the required fha mortgage limits. And the LTV (loan to value) can't be more than 97.75% on a rate and term refinance. But you can have secondary financing, a loan that takes second lien ...