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Hi. I need serious advice about whether I should sell my home to clear my debt.

My home is in Hollywood, California. My mortgage is $267K. My home value is estimated at $670K.

I owe $18K in secured credit card debt (consolidated through credit.org, with a monthly fee of $35, and an APR of 3%).

I owe $3600 on an active credit card with an APR of 21%.

I owe $64K in unsubsidized federal student loan debt, with an APR of 6.9%

I make about $51K per year as a writer.

My neighborhood in Hollywood is experiencing a boom in economic development. My home has more than doubled in value since I bought it four years ago, and I suspect it will raise significantly over the next decade.

If I do sell this year, I will likely be priced out of central Los Angeles, as home prices here are ridiculous.



Submitted April 02, 2019 at 08:02PM by likeaverb https://ift.tt/2OOpvnb

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