If you are looking to buy a home but hold a large amount of credit card debt, it may make sense to consolidate your debt as part of your overall path to financial fitness. Obtaining a new loan with a lower interest rate allows you to knock out older debt with higher interest rates and to potentially pay off your loan more quickly. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we suggest if you already own a home, you may be able to use a home-equity loan to lower your credit card debt. Accessing the equity in your home is an excellent way of consolidating debt. You can open a home-equity line of credit or take a home-equity loan, both of which usually have low interest rates. Check out below to see what sold in Country Club Village in August 2015:
39556 Village Run Drive, Northville: 3 bedrooms, 2.1 bathrooms, 2,197 sq. feet, 2 car garage, Sold Price: $315,000
Country Club Village Home Sold
August 2015
39679 Dun Rovin Drive, Northville: 2 bedrooms, 2.1 bathrooms, 2,174 sq. feet, 2 car garage, Sold Price: $335,000
Country Club Village Home Sold
August 2015
39556 Dun Rovin Drive, Northville: 2 bedrooms, 2.1 bathrooms, 1,733 sq. feet, 2 car garage, Sold Price: $339,000
Country Club Village Home Sold
August 2015
39717 Muirfield Lane, Northville: 2 bedrooms, 2 bathrooms, 1,970 sq. feet, 2 car garage, Sold Price: $350,000
Country Club Village Home Sold
If you do not have equity in a house, taking out a loan is your next-best option. Borrowers with fairly good credit can qualify for a bank or credit union loan. Interest rates can exceed 10 percent, but that is still considerably lower than most credit cards’ rates. For more information on Country Club Village, or similar Northville or Novi neighborhoods such as Hickory Creek, LairdHaven Way and The Villas of Northville Hills, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.