It is possible to use a balance transfer to pay off your Home Equity loan.
But transfer your HELOC to a credit card that offers a 0% APR. A 0% APR rate means no interest at all will be charged on your balance transfer for an introductory period. Once that introductory period runs out, interest will be charged at the ongoing APR, but only on your balance going forward. However, in order to save, try to repay your balance before regular rates kick in.
Other than that, it is always better to have credit card debt than HELOC. The reason is that credit card debt is unsecured debt whereas a HELOC is a secured debt. If you miss your payments on your HELOC, you can eventually have your home foreclosed. That can never happen with your credit card debt.
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