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
