I have a 1st mortgage on my house and I also have a HELOC with an outstanding balance.

Each month you will owe interest based on your interest rate/12 times your outstanding balance.  

Does you lease state that any monies received will be applied first to all outstanding fees and then the latest rent due?

I cant see how incoming Yellen can stop printing money when the outstanding toxic derivative debt deficit remains lurking in the background somewhere.

Eventually I fired them and now I do not know haw to clime the outstanding balance.

I suggest you stick with a note which is used in your area for the basic requirements and not try to customize anything unless you have a finance or accounting degree (shortest way of saying..better know what you're doing).What you can say is:Additional payments to principal may be made without penalty together with payments then required in amounts greater than one hundred dollars as well as an amount required to pay the outstanding obligation at any time.This cleans up the odd payment amounts and makes reamortization required for significant payments made.Care must be taken in writing any contract, especially a promissory note making sure that one recital does not effect or contradict another.

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Escrow will ask you and the seller in the escrow docs if there are any outstanding loans.  

Therefore, I do not believe you would qualify to refinance as your outstanding mortgage is already greater than 65%. 

However, an interesting point around credit scores came up as credit scores generally decrease when you take out a mortgage because it increases your total debt outstanding.