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Kaluiah · 12-06-2006, 08:19 AM

What it does is combine it into one lump sum you would have to pay, rather then having to pay out bills to every other place..

If you do a home equity loan then your only using the equity that you have saved up in your house. Almost like you are borrowing the money from yourself. With this you are most likely to get a smaller intrest rate then you would with taking out a loan.

12-06-2006, 08:19 AM	#5
Kaluiah Ramsey little Devil in disguise Donating Member Join Date: Jan 2005 Location: Here Posts: 985	What it does is combine it into one lump sum you would have to pay, rather then having to pay out bills to every other place.. If you do a home equity loan then your only using the equity that you have saved up in your house. Almost like you are borrowing the money from yourself. With this you are most likely to get a smaller intrest rate then you would with taking out a loan. Last edited by Kaluiah; 12-06-2006 at 08:21 AM.