HELOC vs. Refi? To get cash out and minimize fees as well as monthly payment, which is better?I have a home worth $190-200k with a first mortgage balance of $70k. Would like to minimize monthly payments, avoid PMI, etc. but also minimize current fees/cost. I'd like to end up with a total LTV of ~90%, taking about $100-110k cash out. I don't plan to sell the home any time soon.February 23 2009 - Simpsonville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.