Refinance or Second Mortgage?

Here is my current situation:

First mortgage
- 15-year loan @ 5.00%
- Balance is $200,000 with 10 years left

Home Equit Line of Credit (HELOC)
- Balance of $200,000 now at 8.25% (was 3.99%)
- used for remodel/addition

Based on today's rates, what would be the best thing to do, refinance or get a second to replace the HELOC? Or are there other options I should consider?

We have excellent credit (> 750 score). I can't afford to refinance with another 15-year loan (@ $400K) but probably could mange a 20-year refi and certainly could handle a 30-year. But I'm not sure if this is the wisest path. Thanks.

That is a good rate on the first mortgage. Take out a 20-Year Home Equity Loan from PenFed at 5.99% to pay off the HELOC.

You'll be good to go with that and avoid that 8.25% on the HELOC.

I 2nd what the previous person said. Replace that HELOC with a fixed option from PenFed. Great credit union. Easy to deal with, and they pull EQ.

Consider getting a second job to help pay off that massive debt.

You do you plan on paying it off?
Don't you?