I need to fix my house should i refinance and get cash out or get a home equity line of credit?

Cherise
Should I get home equity line of credit or refinance with cash out?I want to refinance my home to take advantage of lower interests rates. I also want to renovate my house and fix some things around. Should I refinance and get cash out to use for home improvement or should I refinance without cash out and get a separate home equity line of credit?Note: I already refinanced last year and got cash out.

Greta
You would have to refinance the whole existing balance form last year into one. You're only allowed one home equity loan/line of credit at a time.

Cathi
if you refinanced last year, I doubt you have ANY equity left to get any more loans or cash out. what did you do with the cash you pulled out last year?