Should I Take out a Home Equity Loan to Pay My Credit Cards?
A low-interest home equity loan or line of credit may be the right solution for you but be careful. If you find yourself heading toward bankruptcy, your primary residence may be exempt, in which case you are putting your home at risk needlessly. It is difficult to qualify for a home equity loan or line of credit, however, without reliable income. You’ll also need a good credit score to qualify for the best interest rates.