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September 09, 2006
Benefits of Debt Consolidation from a Secure Home Equity
Debt consolidation loans mean that instead of paying a number of companies a monthly payment each month you will only have to pay one company. While there are quite a few pros and cons for debt consolidation loans, many people choose to take out a second mortgage or home equity loan to pay their bills down or completely off. "Since the loan is secured by the equity you have in your home, the lender is able to give you a lower interest rate. Lenders will typically loan you an amount equal to 80 percent of your equity, although some will lend up to 125
From Benefits of Debt Consolidation from a Secure Home Equity
Posted by Rob at September 9, 2006 12:19 PM
