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?
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?