Debt Consolidation.

Many homeowners used the equity in their home to consolidate their high interest debt.  There is both many benefits, but also limitations.  The main limitation, is that you only have so much equity, and when borrowing beyond 80% loan to value, you are often impacted by higher interest rates and/or Private Mortgage Insurance.  Make sure you look at your next debt consolidation loan from all angles, so you know what makes the most sense and how aggressively you should consolidate your high interest debt. 

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