I have had a 2nd mortgage for 8 years for $123,000.  The lender convinced me to get a revolving credit.  As a result of the economy the lender reduced the line of credit to the amount of the home equity needed, which is the $123,000. 

Looking at my Fico score I am being severely penalized for having that much debt on a revolving credit.  I owe $510,000 on my first mortgage, $90,000 total in parent plus loan and approximately $500 on one line of credit (total line of $1,500) and $700 on another line of credit (total line of $2,000).  My credit score for both is 668.

Should I refinance the 2nd mortgage for a loan installment product?

D-07