How to Reduce Debt Without Home Equity?

Answer Different debt elimination options are available to help get rid of high balances. Some homeowners choose to tap into their home's equity by means of a mortgage refinance or home equity loan to pay... Read More »

Top Q&A For: How to Reduce Debt Without Home Equity

What is home equity debt?

Home equity debt is money that you have borrowed with loans that are secured by the value of your home. As you pay off your mortgage, or as the value of your home increases, so does the equity in y... Read More »

Do I have to have equity in my home for a debt consolidation?

The only time you must have equity available in your home to qualify for a debt consolidation loan is if you intend to use your home as collateral (something you pledge to ensure repayment) for the... Read More »

Is a home equity loan good debt?

On One Hand: Using the Money to Increase Value"Good debt" refers to debt that you take on for things that will increase in value. For example, if you use the proceeds from your home equity loan to ... Read More »

Should I Refinance a Large Debt on My Home Equity Line of Credit?

Female ministers need money to start their congregations. Not every denomination supports women in the ministry, denying them funds. In other sects, grants are available through religious organizat... Read More »