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June 29, 2006
Bad Credit Mortgage Tips: Is it Wise to Consolidate Debt with Home Equity
Some may argue that the easiest way to put your home in jeopardy is to try to consolidate credit card debt by taking a home equity loan to pay off your credit card debt. While financial institutions will advertise the advantages of paying off high interest credit card debt with a home equity loan they may not inform you of all of the ramifications of using your home as collateral. They will also advise you that there may be a tax advantage to this type of loan and that paying off the credit card debt will improve your credit score but it is a good idea to consult a tax advisor about these issues when considering a home equity
From Bad Credit Mortgage Tips: Is it Wise to Consolidate Debt with Home Equity
Posted by John at June 29, 2006 01:27 PM
