My husband and I want to take about $15,000 to pay off debt and renovate our home, which we just purchased last July. Our current interest rate is 7.25% and we owe about 65k on our home that appraised at 100k. The problem is that our credit is not great and not well established. Which would be the best option for us, home equity loan or refinance?
Posts Tagged ‘Better’
Which Would Be Better For Us, Taking Out A Home Equity Loan Or Refinancing?
Saturday, May 16th, 2009Is It Better To Us A Consoladation Company Or To Use A Home Equity Loan To Pay Off Debt?
Saturday, May 16th, 2009I am in a little over $45,000 credit card debt. I am trying to figure out if it would be better for me to use a consolidation company or to get a home equity loan.
