$260K home w/ $196K first mortgage and $49K second @ 9.3%. First is conventional 30Y fixed, second is 15Y amortized over 30Y (bal due or refi at 15Y mark). Would it be prudent to refi the second mortgage with a 125% LTV 25Y second mortgage (to get $45K out to pay off the other 10 accounts) and then just have one payment? It would be a higher rate (12% ?) or just pay on the cards as is? (credit is excellent, but anytime you go over 100% LTV the rates go higher). Actually, we'd only be looking at about 113% LTV, as there's no need to take out the full 125%. And the new second would be amortized over 25Y and paid off, whereas the current second is amortized over 25Y but due @ 15Y (essentially, we're just paying interest until 15Y unless we make add'l payments during the 15Y timeframe). Any interest up to 100% of the value of the home is tax deductible, which means the higher interest rate will be somewhat compensated for, but to what extent, I don't know. Any advice would be appreciated.