Wednesday, April 5, 2017

Should we take a home Equity Line or re-finance?

We need $100,000 to pay a debt-college loans mostly and some credit card debt.
We have alot of equity in the house. We only have a $100,000 mortgage balance with 8 years left amd so the payment is mostly princile and not interest. ,, Should we refi to 30 years and do a 200,000 new mortgage or take a Line of credit. We plan to only be in the house 5-6 more years.

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