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Reply to "Home Equity Loan or Mutual Funds to Pay Off Debt"
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[quote=Anonymous]OP here. Thanks for all the replies. Now that my husband and myself are now furloughed, we have decided to apply for a $15,000 home equity loan, which would end up costing us roughly $270/moth over 60 months (which is MUCH more manageable than the entire monthly cc bill). With no savings, we can't afford to throw the entire 5k at cc debt. And I would prefer not to liquidate the mutual funds. Sigh...we'll see if we even qualify for the loan.[/quote]
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