
I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help

I am looking to refi my home mortgage and got a suggestion to check out home equity loan. Need help

I have excellent credit record, and as a first time home buyer I am asking your suggestion for the best home loan & interest rate. Thank you.
I know this would only be one part of helping our economy but wouldn’t it be logical to lower the mortgage loan rates across the board to say 2 or 3% and watch everyone who pays their mortgages on time go and refinance. I am sure that would help to stimulate the economy. I am not an economist but it sounds excellent to me, especially since the banks are in major distress they brought on themselves.