If youre a homeowner whos taken on too much debt, a financial product known as a home equity loan may help you escape it.
Although taking on a home equity loan can be risky after all, your house is used as collateral for the loan the products rates are typically lower than those like credit cards or personal loans.
As long as you have a steady source of income and know that you will be able to repay the loan in a timely manner, the lower fixed rates of a home equity loan make them a sensible…
Read the full article at: https://time.com/nextadvisor/loans/home-equity/home-equity-to-consolidate-debt/