<prompt> Human: Apologies in advance for any formatting issues, one of my first posts..Long story short, I have 28 years remaining on my mortgage, I have: two car payments that are about a year old each, brand new.four credit cards that are topped off after a vacation and lifeno other debt to speak of, really.Basically, there is an offer to refinance our house currently at 3.25 interest rate to 5.25 and raise the total payment 400, to 1200 month. Within the last three years, property values have skyrocketed in my area, netting quite a bit of equity on the house. Taking the Re-fi would not max out that equity, and leave about 20k above what we would owe for the perceived value.Doing this would reset the loan at 30 years, and also fold all four credit cards and a car payment into the refinance; all in all, I would save about 700 a month even after the mortgage increase from what I am currently spending. We are able to maintain at the rate that we are at, but it has been tight as my wife has become a stay-at-home mom. I guess Im on the fence and would love any advice that someone may have on the matter. Thanks!  <response>: That sounds horrible. Selling at least one of the cars and consolidating the credit cards onto a balance transfer card would be better. Why is that mortgage rate so high? 