Smart Ways to Consolidate Debt : Home Equity Loans Can Help Lower Monthly Credit Card Payments
By Jennifer Frakes

We beg to ask the question.Is all debt is bad debt? Nope! Although it may sound counter-intuitive, there is such a thing as good debt. According to BankRate, "Good debt is investment debt that creates value." Eric Gelb, CEO of Gateway Financial Advisors and author of "Getting Started in Asset Allocation," reminds us that home equity loans can help you refinance student loans, real estate loans, home mortgages, second mortgages, and business loans."

Bad debt, on the other hand, is debt incurred for items that decrease in value, such as cars, clothes, plasma TVs. Credit cards are typically the culprit behind creating bad debt. Interest rates on credit cards are usually very high, and if your balance isn’t paid in full each month, you end up paying more for items that are continually decreasing in value.

Refinance all adjustable rate debt with fixed rate home equity loans to aid with interest reduction and fixed monthly payments.

  • Home Equity Loans to $500,000

  • Credit Card Debt Refinancing

  • 125% Second Mortgages

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