Credit card debt, student loans, medical debt, and tax debt can be eliminated by using the equity
1) Pay of those credit cards that have higher interest rates - current credit card interest rate with what you can get
2) Reduce your interest rate on debt you have
3) Consolidate your debt to one monthly payment
4) Turn your interest to
* There are a three ways you can access the equity in your home to consolidate
1. A "cash-out" refinance -- when you refinance to get cash out, you're refinancing your mortgage amount more than you currently owe and taking the difference in cash. Depending on your current you may also be able to lower your monthly payment and get cash to pay off
2. A home equity loan - a home equity loan is another loan that taps into your equity. Commonly referred to as a "second mortgage," a home equity loan to turn your equity into cash without refinancing your first mortgage---and usually in less time than take to refinance your first mortgage.
3. A home equity line of credit - A home credit is very similar to a credit card except that it uses your home's equity as
4. Home Equity Line of Credit - equity line of credit is very similar to a credit card except that it uses your the revolving line of credit. You pay only if and when you use the money. You a home equity line of credit in as little as ten days. When you use the home to consolidate debt, consider cutting up your credit cards and keeping one for emergencies only. your monthly cash flow by consolidating debt, think about using the extra money you now have or invest for retirement or to pay down your other debt faster