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basics on home quity loan?
with some bad decisions, some dumb mistakes, some downright ignoring the problem, my wife and i have found ourselves in debt... ALOT of debt. over the last 2 years we have amassed approximately 30K in credit card bills. i dont want to get into how (cause its embarassing and frustrating), but we need to change somethign really quick. we are getting further and further behind mostly because of the interest being acrued each month. i think our best solution would be to take out a home equity loan to pay off the CC bills. we have over 60K in equity so we shouldnt have any problem doing that, but i have very little knowledge in what to look out for, how to get one, where to get one and anything else anyone thinks i should know.
so anyone have any advice?
and i btw i did do a search, but didnt find anything about this on here, but my apologies if i missed something.
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