Home Equity Line of Credit, or ????????


T

The Truth

I have been reading about Home Equity Line of Credit. It seems that if
I could get that type of loan I could pay off all of my debts and
judgments at closing and have money available after closing to cover
any other credit issues without borrowing one large loan.

What I want to know is the Home Equity Line of Credit type loan a good
way to pay my creditors and control my debt?

I wouldn't abuse the line of credit.

If I were to refi my first mortgage (4.5 interest rate), now that my
credit is bad would my refi be at a much higher interest rate?
 
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