Transferring a Home Equity Line of Credit to a Credit Card

Author: Tack
Posted: Fri Apr 07, 2006 5:31 pm
Post subject: Transferring a Home Equity Line

I have a home eguity line of credit with Countrywide loans. My balance is right around 3,000. With this being an adjustable rate, and with rates going up, Id love to get rid of some of this interest.

I know I can feasibly and comfortably pay off this balance in less than a year, so is there a card out there that would allow me to transfer my home equity balance to an introductory 0% rate?

Any help or comments appreciated, God Bless!

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

---

Author: Board Monitor
Posted: Sun Apr 09, 2006 9:20 am
Post subject:

Tack,

Greetings and welcome to the board! They just about all will allow you to do this (you'll want to verify this before you apply). You can search for the best rated balance transfer offers here:

http://www.cardratings.com/lowratebalancetransfercreditcards.html

Good luck and let us know how things turn out...
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews

---

Author: mouse
Posted: Sun Apr 09, 2006 1:56 pm
Post subject: Re: Transferring a Home Equity Line

Tack wrote:
I have a home eguity line of credit with Countrywide loans. My balance is right around 3,000. With this being an adjustable rate, and with rates going up, Id love to get rid of some of this interest.

I know I can feasibly and comfortably pay off this balance in less than a year, so is there a card out there that would allow me to transfer my home equity balance to an introductory 0% rate?

Any help or comments appreciated, God Bless!

0.00% BT's ALL OVER THE PLACE!!!

---

Author: Tack
Posted: Sun Apr 09, 2006 4:22 pm
Post subject: Transferring a Home Equity Line of Credit to a Credit Card

Thanks for the advice.

I wasn't sure if i could transfer a home equity line, but after reading a great deal of this forum, I see you can transfer dang near anything.

Countrywide says that Ill have to pay 300 dollars early termination fee for closing my account early. However, upon doing the math, 300 is very small considering the interest I would pay throughout the life of the account.

This forum is a great tool for making credit work for you,,,thanks again!!!

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

---