Home Equity loan to pay off debt? | Ultimateonlinemortgage.com

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Interest on loans or credit cards can make trying to get out of debt seem like. to any loan-a mortgage, a car loan or home equity line of credit.

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The length of time needed to pay off a home equity loan or line of credit is based on the interest rate, how much you continue to use the line of credit and how.

Using home equity to pay off debt is an appealing option. You can obtain a loan with an interest rate in the neighborhood of 8%. Your credit.

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