[MeinBlutIstBlau]

Line of Credits typically go off of prime which is why you didn't get the lowest rate. Most institutions do something like prime + x%. If it was a 15 year fixed or 3 year ARM, then you most likely would've gotten an awesome rate.

[ineedasername]

We were refinancing a currently open (and fixed rate) line of credit we no longer needed into a lower interest traditional mortgage.