What is home equity debt?

Answer 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 »

Top Q&A For: What is home equity debt

How to Reduce Debt Without Home Equity?

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 »

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 »

What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »