I have 6
credit card debts totaling around $43,000, and a first and second mortgage. I have gotten an inheritance which will pay off MOST of my credit card debt, but not all ($34,000). I know about the debt snowball, where you start paying off cc balances from smallest to largest. I really want to refi my first and second mortgages into one - at a lower interest. First mortgage is around $50,000 at 6.25% and second is around 42,000 at 9.25% with a balloon payment in 14 years.