Should you get a home-equity loan with the bank that holds your mortgage?

We are thinking about getting a home equity loan. We need a new roof and our AC unit is making our electric bill sky-high.

We've never had a home equity loan before, and I'm just wondering if we should go with the company that holds our mortgage, a different company, or does it matter?

Any tips would be helpful as we've never done this before.

Shop around but many lenders are getting out of the home equity line of credit business what is your equity to loan ratio on the first? Is it even possible to get one?

For matters pertaining to equity the authority that I go to is Marian Snow - best-selling author of "Stop Sitting on Your Assets". She talks about how to let your equity work for you, how to become your own bank, and secure your financial future. I got a lot of new ideas, and now view my money and financial management in a different way.

Preview the book here -- there's a lot of vital information you can't find anywhere else. I suggest too that you make a small investment on the book. It changed my total outlook on investments, mortgage, equity and personal finance.

http://www.stopsittingonyourassets.com/MarianSnow/preview/contents.html

You can contact Marian through her personal blog here:

There may be conveniences with choosing your current mortgage bank, like possibly less paperwork, or maybe no appraisal fee, or a combined bill/payment.

But you should really shop around for the best interest rate and lowest total fees. These are much more important that the "conveniences".

There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first. Try http://www.speedyrealestate.info. Good luck!