I am thinking of getting a home equity loan to pay off our credit card debt. We own our home free and clear. Will there be any taxes on this…I am not a very financial person so any advice would be great!!
Posts Tagged ‘Pay’
Do You Have To Pay Any Sort Of Tax On A Home Equity Loan?
Saturday, June 27th, 2009Do I Pay Any Taxes On A Cash Out From A Mortgage Refinance?
Saturday, June 20th, 2009i want to refinance my existing mortgage and take out some cash do i pay taxes on the cash
Should I Pay Down My Home Equity Loan Or Pay Off Credit Cards?
Friday, June 12th, 2009Hi. My home equity loan is an interest only adjustable and I am currently paying something like 7.02 (I have a rate of 1.25 below prime). I also have credit card debt on two cards, but they are fixed at 4.02 and 4.99. I know its usually better to not have the credit card debt, but since the rates are fixed and lower than my heloc, should I work on paying the heloc off first (I owe twice as much on my heloc as I do on my credit cards). Thanks.
Is It Better To Pay Down My Current Mortgage And Refinance Or Refinance And Use The Money For Downpayment?
Saturday, June 6th, 2009I have inherited some money and I want to use it to pay down the debt on my house and to make the payments lower. Would it be better to pay the mortgage down $100K and then refinance the $75K balance or Should I refinance the $175K and put a downpayment of $100K? Maybe it would be the same difference, but I just wanted to make sure I am using this money in the best way. Thanks!
Can I Pay Off A Home Equity Loan With My Credit Card ( Lower Interest Rates!)+ How Do I Do It?
Thursday, June 4th, 2009I have an offer from a credit card co with a low interest rate, 2% lower than my home equity loan interest. I would love to get rid of the horrible 8.75% home loan interest on $12,000. What to do?