The Best Home Equity Loan To Pay Off Credit Card Debt Reddit References. The loan amount will depend on the equity in the home as well as the structure of the loan plus any applicable restrictions and/or guidelines for your state. I have the availability to pay off both loans but i'm thinking i should keep some money for future flips/purchases.

If your credit cards are charging you an average of 15% interest but you qualify for a home. We have over 30,000 in debt that we have been carrying for years. Elderly canadians who are still paying credit card debt have the option to cash in on their home’s equity in the form of a.