Sometimes, retooling your debt can be a very good bet. Credit cards and car loans. Financing for new furniture and appliances. Sometimes we run up a lot of debt, much of it with high interest rates. In contrast, home equity loans have some of the best rates around, and getting one to pay off everything else can be a good idea. Use this calculator to see if this strategy might shorten your overall repayment period or reduce your interest charges in the long run.
You can reduce your interest rate and relieve some financial pressure.
Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.