Navigating Financial Choices: Refinancing vs. Personal Loan for Home Repairs
Wednesday, 24 April 2024, 09:36
Managing Debt: Refinance or Take Out Personal Loan for Home Repairs?
A homeowner in Los Angeles is facing a financial dilemma of $45,000 credit-card debt incurred during home repairs on their $1.5 million house. The question arises on whether to refinance the existing mortgage or consider taking out a personal loan to pay off the debt.
“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”
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