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Why should I not consolidate debt into a home equity loan?
Why should I not consolidate debt into a home equity loan? I think I'm just misunderstanding how it works. I have ~$10k in credit card debt being charged ~21-25% interest across three cards I've paid $5k on my mortgage loan (17k in interest in two years), and $40k was the down payment, so I have ~$45k in equity right? When I started typing this for some reason I thought what I take out would become part...
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