Home Equity Loans Vs. Mortgages

[Dale Peto]

I I own 2 SFR financed thru a Home Equity Loan for $ 94 K with a APR that ranges from 5.2 % to 4.2 %. I was offered a mortgage at 4.62%, but I would have to refinance $100 K because of closing costs. Which is the better deal??