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

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

   A home equity loan can be a good option to consolidate debt, as it usually carries lower interest rates and longer terms than other financing options. ... A home equity loan is a second mortgage ...

3. Fact vs. fiction: Top 8 common home equity myths — debunked

   www.aol.com/finance/home-equity-myths-debunked...

   Home equity loans — A fixed-rate loan, sometimes called a second mortgage, ... Debt consolidation. Your home equity can help you consolidate and pay off high-interest debt without a personal ...

4. Choosing a debt consolidation lender: How to find the best

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

   Debt consolidation can be accomplished with a personal loan or credit card, depending on your needs. ... It acts as a second mortgage with a five-year repayment period of five to 30 years. The ...

5. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   Second mortgage interest rate payments are also tax deductible given certain conditions are met. [35] This advantage of second mortgages reduces the borrower's taxable income by the value of the interest expense. [36] In general, total monthly repayments on the second mortgage are lower than that of the first mortgage.

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

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

   Debt consolidation loans. If you can get a decent interest rate, a consolidation loan can simplify your debt into one fixed monthly payment. The best rates go to those with excellent credit, and ...

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.