Here are the specifics.  1st Mortgage Balance: $210k @ 4.05%HELOC is $35K @ 6.5% - Currently I have a balance of $26.5k that was used for some of the remodel costs.Appraisal had two approaches (I’m not sure which is more relevant so I’ll list both): Sales Approach $301k / Cost Approach $322kUsing the conservative estimate it looks like I have $90k in equity in my home.

I currently have a 30-year note with a 4.25% rate and roughly 60k in equity. 

I know I could refinance this current note back to a 30 year mortgage to reduce the monthly PITI payment, but considering that I have almost $60K in equity, is this a wise move? 

Hey there, Right now I have about 50k in equity on my rental.

50/50 in equity on everything. 

If the home appraises for 430K you will have the 20K in equity to use.

Your cash flow may be less than you think but the tax benefits of owning RE and the appreciation of RE over the long term along with the built in equity I dont think its a bad deal.

My other rental property pays for itself so i am not getting any immediate cash flow but i have about 40,000 in equity into that property already.  

We both have excellent credit in the 800s.We also have about $130k in equity in our primary residence, which we will take advantage of.We're not in a huge rush...

My house has at least 100K in equity, so I need to look at what are the requirements for HELOC.Thanks,Felipe