Gina and Jose each own houses now appraised at $330,000, and each have a 1st mortgage with $200,000 in remaining principal and 15 years until maturity. Gina's interest rate is 2.5%, and Jose's interest rate is 3% on their 1st mortgages. If Gina and Jose each want to obtain $50,000 so they can make some home improvements, think about the choice between a $50,000 second mortgage and a $250,000 cash- out refinance. Jose, rather than Gina, probably should choose the second mortgage Gina, rather than Jose, probably should choose the second mortgage