refi or HELOC

[smackaholic]

if you don't know what a HELOC is, you prolly ain't the one to be giving advice, so kindly GFY. :D

believe it or not, some of us didn't buy porsche boxsters with with all that mythical equity we had a few years back and actually still have equity despite plummeting home values.

my question is, do i just do a HELOC to put an existing HELOC to bed along with about 3 grand in CC balances or do I just do a refi? i currently have a pretty good deal, a 4.65% fifteen year with about 6 years left on it. btw, my current mortgage balance is about 43K. existing HELOC is 7500.

and for those that might ask, why don't you just up your existing HELOC, i tried, but, BOA in their finite wisdom isn't really interested. they want me to do a 25K 2nd mortgage, prolly so they can jam me with extra fees.

next question is if i go the HELOC route, should I just us a local credit union (navy federal) or go with some online fukks offering what sound like pretty epcot deals. i definitely feel more comfy using a local place where i can actually talk to people face to face. and i would think a credit union serving military members would have pretty good deals.