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2. Should you use your home equity to pay off high-interest debt?

   www.aol.com/finance/home-equity-loan-pay-off...

   Facing down high-interest debt can feel like an impossible hill to climb. If your debt feels insurmountable, you’re not alone. Overall debt in the US rose 4.4% between 2022 and 2023, according ...

3. Should you use a home equity loan to pay off your debts? - AOL

   www.aol.com/finance/home-equity-loan-debt...

   Debt consolidation loans: There are loans specifically designed for combining and paying off debts. Some of the best lenders offer rates that can rival home equity rates if your credit is excellent.

4. Debt consolidation without a loan: Here’s how to do it

   www.aol.com/finance/alternatives-debt...

   Compared with debt consolidation loans, home equity loans and HELOCs often have longer repayment periods, larger loan amounts and lower interest rates. Best for: Budget-minded individuals.

5. House-rich consumers are using their homes to help them get ...

   www.aol.com/finance/house-rich-consumers-using...

   Achieve, a non-bank lender, began offering fixed-rate HELOCs aimed at debt consolidation in 2019, a time when home values were rising but few banks were active in the space. Kyle Enright, the ...

6. How does debt consolidation work? Answers from someone who’s ...

   www.aol.com/finance/debt-consolidation-loans...

   Debt consolidation loans generally have terms between one and seven years, and many will let you consolidate up to $50,000. But debt consolidation isn’t the only way borrowers can use personal ...

7. Debt consolidation - Wikipedia

   en.wikipedia.org/wiki/Debt_consolidation

   Most debt consolidation loans are offered from lending institutions and secured as a second mortgage or home equity line of credit. [13] These require the individual to put up a home as collateral and the loan to be less than the equity available. The overall lower interest rate is an advantage that debt consolidation loan offers to consumers.

8. 5 best debt consolidation options

   www.aol.com/finance/5-best-debt-consolidation...

   Bankrate’s take:Debt consolidation loanscan be used for consolidating credit card debt, medical debt and student loan debt. 4. Peer-to-peer loan. Peer-to-peer (P2P) lending platforms pair ...

9. Cash-out refinance: What it is and how it works - AOL

   www.aol.com/finance/cash-refinance-works...

   High-interest debt consolidation: Refinance rates tend to be lower compared to other forms of debt like credit cards. You can use a cash-out refinance to pay off these debts and pay the loan back ...