Several people have said that based on the amounts DSP seems to be paying monthly on his Wakahndo mortgage he is likely on a 30 year payment plan. If I understand correctly this means all he's paid off so far on his home loan is going towards the interest on that loan, so the only possible equity he has in the Wakahndo is the difference between the amount his home loan is for and the current market value of his house.
https://www.eppraisal.com/articles/mortgage/why-house-values-matter-in-a-home-refinance/
So say his original loan was $250K and the current market value of his house is $350K, that would mean he has $100K equity in his house. To do a cash-out refinance on this requires a 20% equity be left, so to refinance he would have to leave $70K in and only would be able to pull $30K out. This would also reset his interest payments and he would basically be flushing whatever interest he has currently paid off over 4 to 5 years down the drain to get $30K right now. He would then be stuck with a $350K home loan that he's essentially starting fresh on, and would have higher monthly payments than his current home loan.
Or
He could open a Home Equity Line of Credit (HELOC) on that same $30K in available equity and would be paying around a 6% interest rate on whatever money he pulls from that line of credit, to pay off his higher interest rate credit card debt, after 10 years at this interest rate if he hasn't paid off what he borrows from the HELOC he would then have to start making monthly payments towards paying off the total amount borrowed from the HELOC. This seems to me to just be shuffling his debt around for somewhat lower interest payments, with still no plan towards actual repayment of that debt.
In either case, as far as I understand it, if his income which is almost entirely based off Twitch donations starts to dip enough that he's missing payments he will lose his house. If he doesn't do a refinance then he would be looking at lower monthly payments on his home loan that he has to make to not lose his house. The thing I find truly baffling is that DSP seems to expect his Twitch viewers to keep handing him like $70K a year forever. He's entirely dependent on people giving him free money, and any time that free money decreases at all it's not his fault for taking out bank loans against future charitable donations he believes he's entitled to, it's "excuse" (Trolls, the Universe, Tut, Google, YouTube, etc.) conspiring to fuck him over.
Things like these, where I see him his mental processes leading him to make detrimental decisions where he seems unable to swallow his pride or even consider any other option or possible future cause me to heavily lean towards thinking that he likely has a diagnosable personality disorder, and not just a behavior pattern reminiscent of the dictionary definition of the word 'narcissist".
