Home equity loan to pay off 2 cars and 5 grand credit card debt. Good Idea or bad idea?

Answers:1   |   LastUpdateAt:2012-10-15 01:39:02  

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davis
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Home equity loan to pay for 2 cars and $ 5,000 of credit card debt . Good idea or bad idea?
Answer1soksanAnswered at 2012-10-15 01:37:03
Since mortgage interest may be able to be written off on your tax return can be a good idea, especially to get rid of credit cards , but much depends on the speed on the cards to pay in full and how long you plan to take to the profitability of the credit line . MedlinePlus MedlinePlus Credit lines are usually an adjustable rate loan based on the prime rate of interest at the rate can fluctuate. The prime rate is lower than a fixed rate mortgage and second lines of credit do not charge for my borrowers . My credit lines also give you the opportunity to correct all or part of the balance due at certain times , if you want . MedlinePlus MedlinePlus firsthorizonusa.com . After the type of com . In / nancylabont You can apply online at no cost.
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