Can I Refinance this subprime mortage??

[Anonymous]

 Two years ago I took out a home equity mortgage for 80% of my homes value (own outright) for major repairs/remodeling, and at that time my credit was shot so the best I could do was a fixed 30yr at 11% interest thru HSBC/beneficial.  Well now my FICO is better, 630 and I'm wondering if I can refinance this at a lower interest rate or should I wait and work on my score longer??

[ShanetheMortgageMan]

You might be able to refinance into a real good rate right now.  How much is owed on the home and how much do you think it would appraise for?

What negative items are on your credit?

How much is your income and what are the monthly payments on your consumer debt (such as credit cards, auto loans, personal loans, etc.)?