Mortgage rates are rising. If you do, you may want to consider refinancing. If you do, you may want to consider refinancing. A second mortgage is fixed, unlike a HELOC which is adjustable, so you're not at risk of the second payment increasing. If you think the market will rise but you don't have access to funds, you may want to consider refinancing.

Source: Forbes September 17, 2018 12:00 UTC