cashout refinance to pay HELOC

[Jeff Cliff]

Hello,

I paid for a second home in cash with the money I had saved up and borrowed part of the money from HELOC from my primary home. I had my reasons to pay cash for the second home and it is not quite relevant to my question here.

Now my question is, since the interest rates are low, does it make sense to do a cash out refinance on my primary to pay off HELOC? If I do cash out, will I have to close HELOC account?

Thanks in advance for your response.