Loan Articles

Another great way to debt consolidation is to obtain a loan by mortgaging your home equity as collateral. Your home equity is your share in the ownership of your property which is obtained by subtracting your debt payment from your total amount of loan. When mortgaging the home equity, its value is calculated in terms of the present market value of your home. Since your home equity is your share in the value of your home, it is your home which is mortgaged to secure the home equity loan.