Consolidating Debt with Home Equity
Should you get a home equity loan or home equity line of credit to pay off high-interest debt? Let’s do the math to find out.
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Before you go
Does it feel like you’ll make high-interest debt payments for the rest of your life? Then consider debt consolidation with a home equity loan or line of credit. Both options have lower rates than most credit cards and personal loans, so you can pay off debt faster and spend less on interest. Enter your credit card and loan information below along with a current home equity interest rate to see if it’s the right move for you.
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