most accurate form of radiometric dating - Debt consolidating home financing

Think of the equity in your home as a sacred savings account: You can tap into it but only when truly needed, says Rick Harper, director of housing and senior vice president for the Consumer Credit Counseling Service of San Francisco.

“Depending on the circumstances, (use equity) for big-ticket items such as tuition, a sudden illness that devastates the budget, sometimes even the purchase of an automobile when you have thought things through and you have compared that financing cost to what might be available,” he says.

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Debt consolidating home financing

2014)When monthly bills get out of hand, debtors frequently look to debt consolidation.

This not only simplifies the payments, but can also provide real debt relief by reducing those payments as well.

Consolidating the two into a 15-year mortgage at 4.5 percent saves almost $100,000 more.

Those with enough equity in their homes have been able to substantially reduce the monthly payments on credit card debt, student loans and personal loans, says Michael Moskowitz, president of Equity Now, a mortgage bank in New York City.

Before you act on this information you should seek independent legal and financial advice.