1st 2nd Mortgage Co

"Pre-payment" Penalty At 7.95% Fix For 30yrs.

Q. One mortgage company is offering to consolidate 1st mortgage, 2ndMort(line of credit), few credit cards into one loan without the "Pre-payment" penalty at 7.95% fix for 30yrs. The current situation is as follows: 1st mortgate at 5.10%