I have a regular mortgage with a decent rate and a bunch of tax credits so I do not want to touch this. I have a home equity loan with a rate of 11% that I would like to refinance. It would be about $ 50,000. Would I just be applying for another home equity loan and pay off the one at 11%? Or is there another route? Does my first mortgage effect any of this or is it all based on the two put together against the value of my house?
and by the way, stop offering to sell or help me with a loan. I want advice, not hopeless attempts to add me to your list of desperate and degenerate people who need to rely on dirtbags like yourself. Thank you to the ones that have offered advice, Cheers!!