Using Home Equity to Pay Off Debt

For many homeowners, their home is also their greatest asset. If you've been building up equity in your house, you may be considering tapping into it to pay off some of your debt. Before you take out a home equity loan, though, Carmen Wong Ulrich has some advice for how you can make the most of your equity.

 






















 

If you have a financial question you'd like Carmen to tackle, post it here in the comments or email us directly at ivcommunity@mail.ivillage.com


Watch Carmen Wong Ulrich's 'On The Money' Weeknights at 10PM ET on CNBC! Find more information on coping with the economy with our Bail Yourself Out resources.

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