mature man opening a bill

mature man opening a bill

If you have high-interest debt, you could consider paying it off with your home’s equity. One way to do this is with a home equity line of credit, or HELOC.

Since HELOCs are secured by your home, you can usually get lower interest rates than with credit cards or personal loans. This can make debt consolidation appealing for borrowers struggling to make progress on high-interest debt.

Originally published on nerdwallet.com, part of the BLOX Digital Content Exchange.

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