Pay off your debt with a home equity loan

If you own your own home and have equity that's built up over the years, a home equity loan could be the most affordable way for you to consolidate your debt. Instead of continuing to pay high interest rates that come with credit card debt, simply pay off the debt using the equity in your home at a low, fixed interest rate.

What is a home equity loan?

The equity in your home is the difference between what your house is currently worth and what you owe on your loan. Also known as a second mortgage, home equity loans are one of the cheapest ways to borrow money since your home is your collateral. This allows you to get a lower interest rate than on other, more traditional types of financing.

Home equity loan advantages

  • Low, fixed interest rates
  • Interest is tax-deductible
  • Flexible terms
  • Use the money to consolidate debt

If a home equity loan sounds like a good fit for your situation, get started now. Start by calculating your debt consolidation loan to determine how much money you will save. Then submit a form on LendingTree, we will match you to lenders that will meet your individual needs, getting you the best rate and terms on your home equity loan.

Frequently Asked Questions