I have some credit card debt on a few diffrent cards. I’m getting tired of trying to keep track of when they are due and paying the high rates. I have owned my home for over a year and a half, and I was looking at and Home Equity Loan, which it appears the APR is at 7% with most banks. Would it be worth getting to pay off my credit cards? And, If I wanted to sell my home, would there be any probelm with having the loan?
Posts Tagged ‘Equity’
Is A Home Equity Loan Worth Getting To Pay Off Credit Cards?
Saturday, May 23rd, 2009Is My Home Equity Loan Still Tax Deductible If I No Longer Have A Mortgage?
Wednesday, May 20th, 2009We just paid off our mortgage, but have an outstanding home equity loan, which we took out to benefit from the tax deduction. Now that the mortgage is paid off, we’re wondering if the loan is still deductible.
