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First, I am not sure why the distribution of your mortgage payments to principal and interest is changing from month to month. On a fixed rate loan, the amount being applied to principal generally increases slightly with each month you make payments. However, the application of payments on home equity lines can be somewhat more unpredictable, especially in case you are still making charges on the equity line, thus increasing the balance. If you think that your payments are not being properly applied to your accounts, you should contact your lenders to discuss the problem and find out how your payments are being credited. If after speaking with your lenders, if you still believe that your payments are not being credited accurately, you may wish to contact an attorney to discuss what recourse you have against your lender. However, I expect that once you speak with your lender, you will find that your payments are being properly applied, as it is unlikely that your lenders are purposefully misappropriating your funds.

Based on the information provided in your question, I cannot tell you whether or not a refinance loan will save you money over your current loans, though I certainly encourage you to consult with various refinance lenders to discuss the options available and the costs and benefits of refinancing your home. The 4.75% interest rate you are paying on your current primary mortgage is certainly a good interest rate, especially considering that the average rate on a 15 year fixed rate loan is currently 5.54%. Given this fact, I doubt that a refinance lender will be able to offer you a better interest rate. However, it certainly will not cause any harm to discuss your situation with lenders to find out if combining the two loans at a slightly higher rate will save you money over your current loans. To read more about refinance loans, I encourage you to visit the Bills.com Refinance page at http://www.bills.com/refinance-my-home/.

In addition, if you submit your contact information to the Bills.com Savings Center at https://www.bills.com/mortgage/mortgage_refinance/, we can have several pre-screened lenders contact you to discuss the refinance options available to you.

I wish you the best of luck in your search for a refinance loan that fits your needs, and hope that the information I have provided helps you Find. Learn. Save.

Best,

Bill

www.Bills.com