Lenders Stephens: Florida Mortgage Experts
Helping You Achieve Financial Freedom Through Smart Home Equity Solutions
Call Now: (407) 630-9766Using a HELOC to Pay Off Credit Card Debt: Is It Right for You in 2025?
High-interest credit card debt can feel overwhelming. Discover how a Home Equity Line of Credit (HELOC) could help you consolidate debt, lower rates, and save thousands.
Use Free Debt Consolidation Calculator Start HELOC ApplicationHELOC Debt Consolidation Calculator: See Your Potential Savings
Enter your current debts and estimated HELOC rate to calculate monthly savings and total interest reduction. This top-rated calculator helps you decide if consolidating credit card debt with home equity is right for you.
Calculator powered by MortgageCalculator.org – one of the most comprehensive and widely used debt consolidation tools.
Apply for a Personalized HELOC QuoteHELOC Eligibility Requirements in 2025
- Credit Score: Minimum 620–680 (higher scores get better rates)
- Home Equity: At least 15–20% equity after existing mortgage
- Debt-to-Income Ratio (DTI): Typically below 43–50%
- Stable Income & Employment: Verifiable income and employment history
- Property Type: Primary residence (some lenders allow second homes/investment properties)
Requirements vary by lender – contact us for a free eligibility check.
HELOC vs Home Equity Loan: Which Is Better for Debt Consolidation?
| Feature | HELOC | Home Equity Loan |
|---|---|---|
| Disbursement | Revolving line – draw as needed | Lump sum upfront |
| Interest Rates | Variable (can rise/fall) | Fixed (predictable payments) |
| Best For | Ongoing or unknown expenses, debt payoff over time | One-time large debt payoff with stable budget |
| Flexibility | High – borrow/replay multiple times | Low – fixed amount |
| Risk | Rate increases possible | More predictable but higher initial rates possible |
Many experts recommend a HELOC for credit card debt consolidation due to flexibility and lower initial rates.
Ready to Lower Your Payments and Pay Off Debt Faster?
Get a free consultation and personalized rate quote today.
Call (407) 630-9766