If I have two loans does it mean 2x the interest?

[Andri Grullon]

Hello everyone, I have two HELOC one at 4.5 interest and the other at 5.5 interest.

My question is am I paying a total of 10 percent on both loan or an average of 5 percent on my loans. The cheaper line of credit is on my personal house, the more expensive one is on my rental house. I currently don’t owe anything just wanted to have it available to take advantage of future opportunities when I find a deal. Thanks in advance for your input.