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Home Equity, refinance?

I bought my house 2 years ago when the housing market was still high in New York. I I bought my house for $ 430,000 and put a little over $ 20K. Over the last two years things unfortunately happened and we started to incur debt of around $ 30K. I know that much. We are able to make payments, but it becomes difficult with gas prices And all the rest. I wondered what I would be able to refinance to put all my debts into my mortgage payment? Or am I better take a stake in the house? My house has equity after two years and now that the market is down? My interest rate on a loan is 6.50% and the other loan is 9%. I need suggestions please.

The good thing about most of NY is that they have held their values rather good for the broker and the bank people I know. The question is running on your loan amount. Depending on the value of your home, you may have to Jumbo go and will be costly, expecially in New York. The only way for a home equity would work is if you have one that offers the segment or a lock based (M & T and HSBC) offer such a product, up there. For example, you have a 25k and 50k heloc came out, you can call the lender and the rate of blockage on the draw 25k. The disadvantage is that it will not help your credit card at all, because they realize that you can take, not what you owe. The only way I see out of this is an ECS, which is specific to NY. this will save you a lot of money on your mortgage tax you will pay that the amount of new funds. See also if you can find the HUD-1 from your purchase you will receive a discount on title insurance. I would get the home appraised before doing anything, you may need for future evaluation of at least 550K can do something, good luck

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