I'm not a fan of the idea of paying debt with other debt, unless you can get a significant break on the interest rate. (debtroundup.com)
You will also get a tax break on the interest on your 2nd mortgage. (myloanquote.com)
On the other hand, you get a tax break on the interest paid on mortgages, home equity loans and some student loans (depending on your income). (fuzeqna.com)