Home Equity, refinance?
I bought my house 2 years ago when the housing market was still high in NY. I bought my house for $ 430,000 & put down a little over $ 20K. Over the last 2 years things unfortunately happened and we started to incur debt of about $ 30K. I know that’s a lot. We are able to make payments, but it’s getting hard with the price of gas & everything else. I was wondering would I be able to refinance to put all my debt into my mortgage payment? Or am I better taking a home equity? Does my house have equity after 2 years & now that the market is down? My interest rate on one loan is 6.50% & the other loan is 9%. I need suggestions please.