Searching for Credit Card with Balance Transfer Offer for Home Equity

Guest: Tack
Post subject: Searching for Credit Card with Balance Transfer Offer for Home Equity
Posted: Fri Apr 07, 2006 5:31 pm

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!

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

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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Sun Apr 09, 2006 9:20 am

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...
_________________
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Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314

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

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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Apr 09, 2006 1:56 pm

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!!!

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

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Guest: Tack
Posted: Sun Apr 09, 2006 4:22 pm

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!!!

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

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Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Apr 09, 2006 6:57 pm

Don't close the account. You say it's a HELOC with a balance of $3,000--so pay off the balance and leave the account open.

Why would you want to pay $300 to close the account?
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"

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

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