kblitz9[at]yahoo.com wrote:
- quote -

Your plan seems fine except for the "selling in about a year" part.
There's a pretty good chance of a major housing correction in the near
future, so I'm not sure that is a dependable plan. Why don't you sell
the condo now while the housing market's still hot? Rent for the
upcoming year. Don't be greedy.

In the future, you should not rack up $36K on your credit card. In
fact, you should not carry any balance on your card.

Hi all.
I have 36k in CC debt paying obscene finance charges.
I also have 17k in a car loan
I own a condo and want to take out some sort of home equity loan to pay
off these debts.
I have excellent credit.
I am selling my condo in about a year where I will profit at least
125k. So I am able to payoff this loan on the sale.
I was told a no cost loan would be ideal. There is not upfront costs.
Yes, I will be paying slightly more per month because of a higher
interest rate...but i will only be holding onto my condo for 1 more
year so the savings up a couple grand upfront seems logical.
Any suggestions are greatly appreciated as well as opinions on a no
cost loan.
thank you.