That's great! What is your question about this topic? Just to give you some general information, you should go to a mortgage broker to figure out which option (total cash-out refinance of current mortgage or a 2nd mortgage) would cost less in monthly payment as well as charges. You can generally get up to 80% of your home's value in total loans so if you're currently below that amount (example: If you're home is worth $100,000 and your current loan is at $60,000, you should be able to get $20,000 in cash out not counting any fees or costs), then you should be able to get the remainder of value up to 80% in cash out. That's also dependent upon your employment status (or fixed income if you're retired) as well as your credit status. Let me know if you have a more detailed question and I'll be happy to help.