Sentences with phrase «expensive home equity lines»
Some consumers successfully use these low - rate offers to consolidate debt, pay college tuition, or even to pay off more expensive home equity lines of credit.
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The first victims of declining real estate values are of course people who rely on home equity lines of credit and refinancing to pay their bills and expensive to service credit card debt.
That means credit cards, home equity lines of credit (HELOCs), and other variable - rate products will get more expensive.
They have hardly any equity in their new home, they're leasing an expensive Lexus car, and they have $ 34,000 owing on high - interest - rate credit cards and a line of credit.
Alternative forms of credit, such as a credit card cash advance, personal loan, home equity line of credit, existing savings, or borrowing from a friend or relative, may be less expensive and more suitable for your financial needs.
Some have an aversion to home equity lines of credit because they feature variable rates and people think that they can turn out too expensive.
That means credit cards, home equity lines of credit (HELOCs), and other variable - rate products will get more expensive.
Reverse mortgages do tend to be more expensive over the long haul than other types of loans, such as a conventional home equity loan or line of credit.