Equity line of credit a good idea to pay off my mortgage?

by YoTuT
Question by Mark C: Equity line of credit a good idea to pay off my mortgage?
I called my mortgage company today and asked about a refinance. I am not behind, or in forecloser. He did not offer me a good rate, but he did talk about a equity line of credit to pay off the mortgage. I currently have a ARM loan, (I know not good), but thats why i called and tried to get a fixed rate.
He said if I take a equity line of credit, to pay off the balance of the house I would have to pay no

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