[Six_of_One]

You can always refinance your HELOC into a fixed-rate 2nd mortgage, but I'm not sure if the rate will be much better. If your house has seen significant appreciation in the past 2 years, your combined loan-to-value might be low enough that you would qualify for the lowest rate. Basically, if the total amount you owe is now less than 80% of the value of the property, you'll probably be able to get a rate lower than what you're currently paying for your HELOC. That doesn't mean your payment will be less, necessarily, since it won't be an interest-only payment.