Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Selling in Denton : Real Estate Advice

  • All144
  • Local Info9
  • Home Buying48
  • Home Selling1
  • Market Conditions7

Activity 2
Thu May 5, 2011
Scott Butcher answered:
It all depends on your situation and it sounds like you have given this decision much thought. If you have more than 20% equity in your home, then you could take 'cash out' to pay off your 'bad' debts and replace it with 'good' debt at a lower rate plus you get the tax benefit of the mortgage interest deduction (versus no benefit on higher interest credit cards). This might or might not be the case.

You would be better served either talking to a financial advisor to come up with a plan or a reputable mortgage professional that might be able to assist you in reorganize your debt burden to make it more managable. Many personal, quality of life and financal factors come into play when your trying to accomplish debt reduction.

Good luck.

Scott R. Butcher
Mortgage Banker
Maker Capital Group, LLC
2307 Lake Austin Blvd.
512-796-7738
scott@makercapitalaustin.com
... more
0 votes 1 answer Share Flag
Thu Nov 6, 2008
Emily Erekuff answered:
Hi Donald,

Welcome to Trulia.

I'm afraid that such an advertisement is not permitted in the Q&A section of Trulia Voices. Please review our Community Guidelines located at http://www.trulia.com/guidelines/ and check out our Agent Best Practices blog post at the link below for more helpful information.

Best Wishes,

Emily Gibson
Community Moderator
... more
0 votes 1 answer Share Flag
Search Advice
Search
Home Selling in Denton Zip Codes

Followers

179