Pay off high-rate credit cards with a home equity line
Consolidating debt with a home equity line can eliminate high credit card interest and lower your monthly payment immediately. What's more, the total amount that you pay in interest charges could be greatly reduced, and any interest that you do pay may be tax-deductible. Be sure to consult your tax advisor regarding your individual situation.
- Pay off high-rate credit cards
- Lower your interest rate
- Qualify for potential tax deduction
- Simplify paperwork with single monthly bill
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Properties must be located in Connecticut, Massachusetts, New Hampshire, or Rhode Island. Other restrictions may apply. Property insurance is required. Flood insurance where required by law. Consult your tax advisor regarding the deductibility of interest. All loans subject to credit and underwriting approval.