Amazines Free Article Archive
www.amazines.com - Wednesday, October 21, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133418)
 Advice (161141)
 Affiliate Programs (34751)
 Art and Culture (73737)
 Automotive (145653)
 Blogs (75199)
 Boating (9843)
 Books (17221)
 Buddhism (4128)
 Business (1328952)
 Business News (426365)
 Business Opportunities (366330)
 Camping (10967)
 Career (72752)
 Christianity (15847)
 Collecting (11638)
 Communication (115068)
 Computers (241945)
 Construction (38923)
 Consumer (49684)
 Cooking (17066)
 Copywriting (6636)
 Crafts (18205)
 Cuisine (7543)
 Current Affairs (20417)
 Dating (45881)
 EBooks (19691)
 E-Commerce (48222)
 Education (185288)
 Electronics (83503)
 Email (6407)
 Entertainment (159838)
 Environment (28929)
 Ezine (3039)
 Ezine Publishing (5449)
 Ezine Sites (1550)
 Family & Parenting (110922)
 Fashion & Cosmetics (196423)
 Female Entrepreneurs (11845)
 Feng Shui (131)
 Finance & Investment (310448)
 Fitness (106330)
 Food & Beverages (62910)
 Free Web Resources (7939)
 Gambling (30221)
 Gardening (25144)
 Government (10530)
 Health (629692)
 Hinduism (2206)
 Hobbies (44054)
 Home Business (91574)
 Home Improvement (251119)
 Home Repair (46168)
 Humor (4834)
 Import - Export (5453)
 Insurance (45105)
 Interior Design (29581)
 International Property (3485)
 Internet (191001)
 Internet Marketing (146452)
 Investment (22837)
 Islam (1167)
 Judaism (1356)
 Law (80475)
 Link Popularity (4595)
 Manufacturing (20853)
 Marketing (98965)
 MLM (14136)
 Motivation (18218)
 Music (27013)
 New to the Internet (9495)
 Non-Profit Organizations (4048)
 Online Shopping (129631)
 Organizing (7803)
 Party Ideas (11852)
 Pets (38068)
 Poetry (2234)
 Press Release (12682)
 Public Speaking (5635)
 Publishing (7526)
 Quotes (2407)
 Real Estate (126636)
 Recreation & Leisure (95385)
 Relationships (87666)
 Research (16165)
 Sales (80334)
 Science & Technology (110255)
 Search Engines (23486)
 Self Improvement (153216)
 Seniors (6235)
 Sexuality (35947)
 Small Business (49293)
 Software (83013)
 Spiritual (23474)
 Sports (116100)
 Tax (7659)
 Telecommuting (34066)
 Travel & Tourism (307828)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11739)
 Website Design (56837)
 Website Promotion (36586)
 World News (1000+)
 Writing (35788)
Author Spotlight
ELLISEN WANG

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more
HELEN STEPHENS

I love to research products and write reviews only high-quality useful products. ...more
JASON STEVE

Writing is my passion, Social media marketing is my love. I have written many articles on various ni...more
ANISH SAH

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more
GAURAV KHURANA

I am the Founder Director of DialaBank.com, India’s First Financial Helpline and am an expert on Per...more


Paying Off Debt with a Home Equity Loan by Andrew Bicknell





Article Author Biography
Paying Off Debt with a Home Equity Loan by
Article Posted: 05/08/2009
Article Views: 64
Articles Written: 883
Word Count: 491
Article Votes: 0
AddThis Social Bookmark Button

Paying Off Debt with a Home Equity Loan


 
Finance & Investment
One of the best ways to pay off debt is getting a home equity loan or 2nd mortgage which will allow you to consolidate all your debts into one monthly payment. The majority of consumers in this country are over burdened with credit card debt, consumer loans, car loans and other financed items. Paying off all that debt can take time and patience. A good first step is consolidating all those bills into one more manageable loan.

If you are new to debt consolidation you may be asking how does a debt consolidation home equity loan work?

The idea behind this type of loan is really quite simple. The equity in your home is the difference between how much it is worth and how much you still owe on your mortgage. Aside from your credit score the amount of equity in the home will determine whether or not you will qualify. It is important to remember that a debt consolidation loan is not free money but because it usually comes with a lower interest rate it is easier on the budget and easier to pay off.

Before you decide on go out and get this type of loan it might be worth looking at some of the benefits it can bring.

The big benefit of getting a debt consolidation home equity loan is the easing of the debt burden. But there is a catch that you have to watch out for. Once you have used the equity in your home to pay off debts it is vitally important that your cease to use any and all credit cards and do not start financing new purchases. Not doing this can lead many people right back into an even bigger debt problem with the added threat of losing their home that was used as collateral.

Another benefit of getting a home equity loan is the interest paid is deductible on your yearly income taxes. While not quite as rewarding as having no debt being able to recoup some of the cost of the interest on your loan can make life a little easier. Aside from mortgages and home equity loans other debts such as credit card interest, car loans, payday loans and others are not tax deductible.

A home equity loan or line of credit can be a way for many people swamped in debt to gain some financial breathing room. These loans are not an instant fix, but rather a way to move all debts into one easy to deal with payment with a lower interest rate. It can be a good first step on the road to a debt free life. But this route to financial freedom will only work if you stay away from credit cards and work a budget that will get you on the road to building wealth.

To learn more about debt consolidation refinance please visit the website Home Equity Loan by clicking here.

Related Articles - home equity line of credit, home equity loan, equity line of credit, home equity consolidation loan,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
DAMIAN POWELL

Demonstrated exceptional leadership in the government and private sector at an executive level. Skil...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
JASON NG

Jason Ng has a huge passion for the health and fitness industry as he strongly believes that having ...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license