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Using a home equity loan to pay off your first. Absolutely. I highly recommend if you're disciplined enough to get out of high interest debt and not open more. I opened a new credit card to get the balance of my high interest card but i put nothing on the old card anymore and i will. Sofi® dc mortgages. Learn how using a home equity loan or line of credit to pay off higher interest debt can help you pay it off faster and save you money. Do i swap mortgage for home equity loan?. More home equity loans to pay off mortgage headlines.
