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how do you know what’s right?

Started by jaymartinez · 7 months ago

Ok so I have blogged about debt, kids, homes, etc. We have a dilemma I am pondering about, we like everyone have debt (i cant disclose amount right now it’s matter of national security :P) and a home, and desires to do things. We want to do so much in the world yet everyt ... Continue reading »

1 comment

  • Jay,

    Here's my advice. Pay off your debt then get a Home Equity Loan to fix up your house. Rates are low for HELOC's everywhere plus you get a tremendous tax break. This way you can wait out the current downward real estate trend while building more equity into your house. Also once you pay off your debt, you will see a significant positive bounce in your credit score some 30-90 days afterwards which will help you get the best HELOC rate available to you.

    While you never want to pay off your mortgage (for tax reasons), make paying off your debt the most important factor in your decision.

    Best,
    MYN

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