The Use of Home Equity Loans – Wise or Not Wise?

Over the past few years many Americans have established lines of credit secured by the equity in their homes or have borrowed a lum sum amount secured by their home. For marginal borrowers this can turn out to be highly risky as it exposes these families to the loss of their homes. Lenders tend to [...]

Is it a wise move to pay off a credit card with an int rate of 13% that has a $4500 bal with a home equity?

The home equity has an interest rate of 3.5%

Would it be wise to apply for a home equity line of credit on a veriable rate to payoff some cc debts ?

Is it wise to take money out of a 401k to pay off a home equity line of credit. I am 5 years within retirement

I have been paying on this line of credit for 3 years and becasue it has a flexible interest rate although I pay extra because the interest rates continue to rise most of the payment is almost all interest. I need help getting out of this mess but I also need to put as much [...]

I just paid off a home equity line off credit, credit-rating wise, should I keep it open or close it?

I don’t need the credit line really just want to know if keeping it open is bad or good for my credit.