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grokfinance t1_iyatdei wrote

Generally not a good idea to use secured debt (home equity loan) to pay off unsecured debt like credit cards. If you can't pay your credit cards nothing can be taken from you. If something happens and your ability to repay the home equity loan is compromised then bye bye house. Don't put your house at risk for unsecured debt.

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meepmeepboop1 t1_iyaxcbr wrote

Your general sentiment is fine, but HELOCs are secondary liens so they can't take your house anyways if you have a mortgage. The mortgage is the primary lien holder and they don't care if you pay the HECLOC, all assuming you have a HELOC not through your mortgage company.

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