Home Equity Loan Can Be a Powerful Tool for Debt Consolidation

Are you drowning in credit card debt, but have sufficient equity in your home to pay off that debt? You may want to consider a home equity loan as a tool to consolidate that debt, but be careful how you proceed. Any debt you take against the equity (amount your home is worth above what you owe on your mortgage) in your home will be considered secured debt, which means the debt is secured by