I have to do a lot of work on my house (100-150k) I have @ 400-500k equity. My current mtge is @ 6%. I'm starting to research loans. I don't know if it makes sense to refi or home equity. What should I be looking at to determine which loan? What loan did you get? Do you feel you did the right thing?? I don't like the idea of Adj Rates so I probably would be looking at fixed rates with long terms. I don't plan on leaving for at least 10 - 20 yrs if ever. Its a little scary to think about getting a loan for the amount of work I have to do in this economy. I should add my job is very stable and I have alot of senority. And its protected by a union.