Consolidating Debt with Home Equity

You could save big by streamlining your payments

With a home equity loan, you can consolidate account balances from multiple credit cards or installment loans into a single loan and one monthly payment. This strategy can be beneficial if the home equity loan repayment period is shorter than it is for your existing debts, or if the interest paid over the repayment period is less than what you would pay without consolidating your debt. Use this calculator to find out how much you could save.