Got a home equity loan 13 months @ 7 1/2 %. Where can I go to check to see what the current rate is.?

Is it possible to get another equity loan at a lower rate to pay off the 7 1/2% one.

It would be best to consolidate to one mortgage and get a 30 year fixed. Why would you want to pay that high of an interest rate when you can lower it, pay one loan, and have it fixed for 30 years.

To answer your question you can another Home Equity Line of credit just as long as you have good credit history and equity.

Depending on your equity situation and the current rate of your mortgage it may be much less expensive to refinance the entire thing to a lower rate. Rates are great now, you may want to consider it.