Currently at 3.75% interest on our home w/ FHA loan, owe $117k, pay $1023 a month with escrow etc. looking at consolidating all my debt through a HELOAN or VA cash refinance. Need around 50k to pay off all cars and CC, plus some minor remodels. Wife is about to stop working and am looking at reducing monthly expenses. Pay around $1000 with current debt monthly interest rates are mostly low double digits on debt. Should I take the Va cash refi and pay off debt, get a slightly lower payment? Or continue to pay off debt and keep the loan the same?
Va cash out refi / HELOC / heloan options
byu/jues39503 inMilitaryFinance
Posted by jues39503